You are here: / Competition Commission of India

Posts

Continental included in tyre cartel investigation

,

The Competition Commission of India (CCI) investigation into alleged cartel activities and anti-competitive behaviour doesn’t exclusively focus on local tyre makers. Stock exchange Börse Frankfurt shares news from the German Press Agency (dpa) regarding the visit of CCI officials to a site operated by Continental AG in the city of Faridabad. The statement shares that Continental is “cooperating fully with the authorities” but does not want to comment on the details of this ongoing investigation.

Read more

Related news:

  1. Indian competition body searches tyre makers’ premises
  2. India’s tyre makers meet government to talk rubber prices
  3. India’s competition body shares news of tyre maker cartel
  4. Indian tyre stocks fall back
/by

Indian competition body searches tyre makers’ premises

Indian stock exchange BSE sought clarification from three tyre makers after media outlet CNBC-TV18 reported yesterday that the Competition Commission of India (CCI) had visited their premises as part of its investigation into alleged competition violation and cartelisation. One of the tyre firms, Apollo Tyres Ltd., responded to the BSE query earlier today. The other two manufacturers, Ceat Ltd. and MRF Ltd., have yet to reply.

Read more

Related news:

  1. India’s competition body shares news of tyre maker cartel
  2. Tyre stocks skyrocket in India
  3. Indian Manufacturers Feel Margin Squeeze
  4. Sonil Ventilfabrik Hosts 27th ITTAC Meeting
/by

India’s competition body shares news of tyre maker cartel

Yesterday the Competition Commission of India (CCI) finally made public the news that back in 2018 it found five tyre makers and India’s tyre industry association guilty of contravening the provisions of India’s Competition Act by indulging in cartel activities in 2011 and 2012. All protagonists have been fined for their actions.

Read more

Related news:

  1. Lockdown stops tyre production in India
  2. Indian tyre manufacturer shares surge over Easter
  3. Tyre makers bidding for India’s Falcon Tyres
  4. Sonil Ventilfabrik Hosts 27th ITTAC Meeting
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.