MoneyWorks4Me

Maruti Suzuki India informs about disclosure

24 Aug 2021 Evaluate

Maruti Suzuki India has informed that the Competition Commission of India (CCI) has passed an order on 23rd August, 2021 for the alleged contravention of Section 3 of the Competition Act, 2002 against the Company in relation to implementing discount control policy vis-a-vis its dealers and has imposed a penalty for an amount of INR 200 crores on the Company. The Company will take necessary steps under the law after examining the order fully.

The above information is a part of company’s filings submitted to BSE.

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