Wednesday, 29 July 2015

CCI slaps 420 crores penalty on Hyundai for restricting supply of genuine spare parts in open market

Competition Act : Where opposite parties i.e., Hyundai, Reva and Premier held a dominant position in aftermarket for their own brand of spare parts and diagnostic tools, practice of OPs in denying availability of their genuine spare parts severely limited independent repairers and other multi brand service providers in effectively competing with authorized dealers of OPs in aftermarket and, thus, OPs abused their dominant position in contravention of section 4

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