India's anti-trust watchdog to probe carmakers

Dec 17 2012, 22:37 IST
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SummaryIndia's competition watchdog is investigating anti-competitive practices by carmakers, the country's corporate affairs minister Sachin Pilot said in a written reply in parliament on Monday.

India's competition watchdog is investigating anti-competitive practices by carmakers, the country's corporate affairs minister Sachin Pilot said in a written reply in parliament on Monday.

The three-year-old Competition Commission of India (CCI), which has become increasingly assertive, in June levied a record fine of more than $1.1 billion on 12 of the country's biggest cement companies for price fixing.

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