Delhi High Court has reportedly stayed Competition Commission of India (CCI) order passed against Maruti Suzuki with respect to penalty. Earlier, the CCI had imposed a total penalty of Rs 2,545 crore on fourteen car makers in India. Out of the total, the fine imposed on Maruti Suzuki was Rs 471.14 crore.
Meanwhile, CCI order has been stayed till Madras High Court disposes Hyundai petition. Hyundai, Nissan had challenged CCI probe in Madras High Court.
Maruti Suzuki is one of the most popular and favourite cars manufacturer in India. Recently, the company had registered jump of 26.90% in its total car sales (Domestic + Export) for the month of August 2014 at 110776 units, as against 87323 units in August 2013. The company’s domestic sales also rose by 29.30% in August 2014 at 98304 units, as against 76018 units in corresponding month last year.
Company Name | CMP |
---|---|
Maruti Suzuki | 12620.90 |
Mahindra & Mahindra | 2514.45 |
Mercury Metals | 74.50 |
Hindustan Motors | 38.68 |
Suzuki (India) | |
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