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NEW DELHI: Apollo Tyres on Thursday stated it’s cooperating with the investigation by the Competitors Fee of India (CCI), asserting that it has acted in compliance with competitors legal guidelines. CCI officers visited the workplaces of Apollo Tyre on Wednesday.
One other tyre maker Ceat Ltd had additionally confirmed a go to by the officers of the anti-trust regulator for a ‘routine enquiry’ however denied any wrongdoing within the conduct of its enterprise.
“We’re absolutely cooperating with the anti-trust regulator’s investigation and have supplied all the small print required,” a spokesperson of Apollo Tyres stated in a press release.
The spokesperson additional stated, “We’re of the agency view that we’ve got acted and can proceed to behave in compliance with the competitors legal guidelines.”
The spokesperson reiterated that the corporate “follows the very best degree of governance practices and operates throughout the letter and by spirit of the legislation.”
On Wednesday, a Ceat Ltd spokesperson in a press release stated he CCI officers visited the corporate’s workplace for a “routine enquiry”. “As a accountable company we’re cooperating with the authorities within the investigation,” the spokesperson had stated in a press release.
The spokesperson additional stated, “We categorically deny any wrongdoing in our conduct of enterprise.”
One other tyre maker Ceat Ltd had additionally confirmed a go to by the officers of the anti-trust regulator for a ‘routine enquiry’ however denied any wrongdoing within the conduct of its enterprise.
“We’re absolutely cooperating with the anti-trust regulator’s investigation and have supplied all the small print required,” a spokesperson of Apollo Tyres stated in a press release.
The spokesperson additional stated, “We’re of the agency view that we’ve got acted and can proceed to behave in compliance with the competitors legal guidelines.”
The spokesperson reiterated that the corporate “follows the very best degree of governance practices and operates throughout the letter and by spirit of the legislation.”
On Wednesday, a Ceat Ltd spokesperson in a press release stated he CCI officers visited the corporate’s workplace for a “routine enquiry”. “As a accountable company we’re cooperating with the authorities within the investigation,” the spokesperson had stated in a press release.
The spokesperson additional stated, “We categorically deny any wrongdoing in our conduct of enterprise.”
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