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Competition Commission of India imposes $13.6 million fine on Hyundai Motor's local unit

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - India's antitrust watchdog on Wednesday imposed a fine of 870 million rupees ($13.6 million) on South Korean automaker Hyundai Motor Co's local unit, accusing the company of anti-competitive behaviour.The Competition Commission of India in its order alleged that Hyundai Motor India Limited (HMIL) contravened competitive practices by imposing certain arrangements upon its dealers including monitoring the maximum permissible discount level and mandating the use of recommended lubricants and oils.The penalty has been levied at 0.3 percent of Hyundai Motor India's average ...

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First Published: Thu, June 15 2017. 09:01 IST