Tyremakers Meet to Address Cartel Allegations
In an attempt to address allegations of cartel behaviour amongst Indian tyremakers the Automotive Tyre Manufacturers Association (ATMA) and the Competition Commission of India (CCI) have met to discuss the issue, and negotiations have begun on the possibility of implementing a compliance programme to eliminate such practices, whether they be planned or unintended.
While a probe conducted by India’s Monopolies and Restrictive Trade Practices Commission has been stalled since the early 1990s due to a high court stay obtained by a leading tyre manufacturer, India’s tyremakers deny the claims of cartelisation, and reportedly seem eager to participate in discussions that will wipe away any blemishes remaining from past anti-competitiveness allegations or investigations.