102.05 (0.70%) Competition Commission of India (CCI) has imposed a penalty of Rs 200 crore on Maruti Suzuki India (MSIL). CCI has passed an order on August 23, 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. The Company will take necessary steps under the law after examining the order fully.
Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.