CCI PENALIZES HYUNDAI FOR CURBING DEALER DISCOUNTS

Published On: 01/06/2017

Practice Area: Competition Law

Authors:

Avimukt Dar
Shreya Suri
The Competition Commission of India (the 'CCI'), through its order dated June 14, 2017, has imposed a penalty of INR 870 million (Indian Rupees Eighty-Seven Crores) (approximately USD 13.4 million) on Hyundai Motor India Limited ('HMIL') for indulging in anti-competitive practices in violation of Section 3(1) of the Competition Act, 2002 (the 'Act') by indulging in practices of maintaining resale prices of its dealers and entering into tie-in arrangements in violation of Section 3(4) of the Act, which sets out anti-competitive arrangements across vertical markets.