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BIRLATYRE Birla Tyres News Story

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BRIEF-India's CCI Imposes Penalty On Tyre Manufacturers, Their Association For Indulging In Cartelisation

Feb 2 (Reuters) - Competition Commission of India:
    * INDIA ANTITRUST BODY IMPOSES PENALTY ON TYRE MANUFACTURERS
&
THEIR ASSOCIATION FOR INDULGING IN CARTELISATION - GOVERNMENT
STATEMENT
    * PENALTY AGAINST APOLLO TYRES, MRF, CEAT, JK TYRE, BIRLA
TYRES &
THEIR ASSOCIATION I.E. AUTOMOTIVE TYRE MANUFACTURERS ASSOCIATION
- GOVERNMENT STATEMENT
    * CCI NOTED THAT TYRE MANUFACTURES HAD EXCHANGED
PRICE-SENSITIVE
DATA AMONGST THEM THROUGH PLATFORM OF THEIR ASSOCIATION -
GOVERNMENT STATEMENT
    * CCI NOTED THAT TYRE MANUFACTURES HAD TAKEN COLLECTIVE
DECISIONS
ON PRICES OF TYRES - GOVERNMENT STATEMENT
    * CCI IMPOSED TOTAL PENALTY OF 17.88 BILLION RUPEES ON TYRE
MANUFACTURES, THEIR ASSOCIATION - GOVERNMENT STATEMENT

Further company coverage:
 APLO.NS  BIRT.NS  CEAT.NS  JKIN.NS  MRF.NS 

 ((Reuters.Briefs@thomsonreuters.com;))

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