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NEW DELHI: India’s antitrust physique on Wednesday raided the workplaces of tyre corporations together with Ceat, Apollo Tyres and Germany’s Continental AG in an alleged case of competitors regulation violations, 4 sources with direct information instructed Reuters.
The raids had been being carried out by the Competitors Fee of India (CCI) officers throughout a number of cities, the sources mentioned.
Apollo and Continental didn’t instantly reply to a request for remark, whereas calls and messages to Ceat spokespersons went unanswered.
One of many sources mentioned the case pertains to an antitrust probe into use of unfair commerce practices and rigging bids whereas supplying tyres for public transport automobiles within the northern state of Haryana.
Reuters reported in 2020 the CCI was conducting an investigation following a criticism from the Haryana state authorities.
The raids had been being carried out by the Competitors Fee of India (CCI) officers throughout a number of cities, the sources mentioned.
Apollo and Continental didn’t instantly reply to a request for remark, whereas calls and messages to Ceat spokespersons went unanswered.
One of many sources mentioned the case pertains to an antitrust probe into use of unfair commerce practices and rigging bids whereas supplying tyres for public transport automobiles within the northern state of Haryana.
Reuters reported in 2020 the CCI was conducting an investigation following a criticism from the Haryana state authorities.
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