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Car duo to file appeal

Change in gear

New Delhi, Aug. 26: Car makers Mahindra & Mahindra and Tata Motors today said they would challenge the penalty imposed on them by the Competition Commission of India (CCI).

The two companies said they would file appeals against the order “before the appropriate authorities”. “The company aggrieved by this order proposes to appeal against it before the appropriate forum,” M&M said in a filing with the NSE.

Tata Motors informed the BSE that it would also file an appeal.

According to the Competition Act 2002, orders passed by the CCI can be challenged before the competition appellate tribunal within 60 days. M&M has been fined Rs 292.25 crore, while Tata Motors was slapped with a penalty of Rs 1,346.46 crore.

The CCI has slapped a fine of Rs 2,554 crore on 14 car companies.

A spokesperson for Honda Cars India Ltd said, “We are aware of the order. However, there is no official communication from the CCI to Honda Cars India as yet. Once we receive the same, we will evaluate the order and respond accordingly.”

The other companies fined by the CCI are Maruti Suzuki India, Volkswagen India, Fiat India Automobiles, BMW India, Ford India, General Motors India, Hindustan Motors, Mercedes-Benz India, Nissan Motor India, Skoda Auto India and Toyota Kirloskar Motor.

According to CCI officials, the offenderd sold spare parts only through dealers, meaning customers were forced to come to service stations for repair as the parts were not available with independent mechanics.

 
 
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