Pricing authorities in the eastern province of Jiangsu have collected evidence that Mercedes-Benz controlled prices of its spare parts and maintenance services, the official Xinhua news agency reported Saturday.
The total cost of all spare parts for a Mercedes-Benz C-class could be 12 times more than a finished model, the report said, citing data from an industry group.
"The Benz case involves typical vertical price-fixing," Zhou Gao, head of anti-monopoly department at the Jiangsu price bureau, told Xinhua.
A Daimler spokesperson confirmed today that the company was still "assisting" Chinese authorities in an investigation but declined to comment on the Xinhua report.
"We are unable to comment further on what is still an on-going matter," the company said in a statement provided to AFP.
Mercedes-Benz said in early August that it will cut spare parts prices from September in response to the anti-monopoly investigation by NDRC.
More than 1,000 companies in the country's auto sector, both domestic and foreign, are currently under anti-monopoly probes by the government, the China Daily newspaper has reported.
The NDRC has yet to announce its findings and penalties for the companies involved.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
