Brazil antitrust watchdog fines Denso $19.5 million over auto parts cartel

DENSO

10/06/2026 18:54

SAO PAULO, June 10 (Reuters) - Brazil's antitrust watchdog Cade on Wednesday fined Japan's Denso Corporation 6902.T 100.8 million reais ($19.5 million) for participating in a cartel in the market for wire harnesses and auto electrical and electronic components. 
The investigation was launched in 2015 by Cade's general superintendency, involving 22 companies and 89 individuals. 
Denso is the world's second-largest auto parts supplier.
Alleged cartel operated approximately between 2000 and 2008, fixing prices, allocating projects, dividing markets geographically and exchanging competitively sensitive information, Cade said in a statement.
Denso's practice harmed consumers, who ultimately paid higher prices for vehicles containing the cartelized components, the case rapporteur said.
The company has 30 days to pay the fine from publication in the official gazette.
Denso representatives did not immediately respond to a request for comment.

($1 = 5.1680 reais)

 (Reporting by Alberto Alerigi Jr; Writing by Isabel Teles; Editing by Aurora Ellis)
 ((Isabel.Teles@thomsonreuters.com;))