CCI imposes Rs 87 crore on Hyundai Motor India for unfair business practices
The Dollar Business Bureau The Competition Commission of India (CCI) has found Hyundai Motor India Limited (HMIL) for imposing arrangements upon its dealers which resulted in the inclusion of Resale Price Maintenance in the sale of passenger cars manufactured by it. The arrangements also included monitoring of the maximum permissible discount levels through a Discount Control Mechanism. Further, HMIL was found to have instructed its dealers to use recommended lubricants/ oils and penalising them for use of non-recommended lubricants and oils. The CCI has passed the final order after examining the information filed by the dealers of HMIL, Fx Enterprise Solutions India Pvt. Ltd. and St. Antony’s Cars Pvt. Ltd. Apart from issuing a cease and desist order against HMIL, CCI has imposed ...
Centre mulls 10-year Automotive Mission Plan from 2006-16
The Dollar Business Bureau The Finance Ministry is yet to take a decision in Union Budget 2015 on restoration of lower excise duty (that was withdrawn at the end of December). But, that has not stopped G M Siddeshwara, the Minister of State in the Ministry of Heavy Industries and Public Enterprises. From taking several initiatives to strengthen the automotive sector such as setting up of Automotive Skill Development Council (ASDC). As part of a 10-year Automotive Mission Plan (AMP) 2006-16, the Government is planning to introduce automotive cess funding to support R&D projects, starting of National Automotive R&D Infrastructure Project (NATRIP) for setting up of world class infrastructure for homologation and testing, setting up of the National Automotive ...
