CCI imposes penalty of Rs. 200 crores on Maruti Suzuki India Ltd

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.

Shares of Maruti Suzuki India Ltd. was last trading in BSE at Rs. 6826.75 as compared to the previous close of Rs. 6847.55. The total number of shares traded during the day was 9482 in over 1782 trades.

The stock hit an intraday high of Rs. 6915 and intraday low of 6803. The net turnover during the day was Rs. 64940598.

Source : Equity Bulls

Keywords