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CCI imposes penalty upon NSK and JTEKT for indulging in cartelisation in supply of EPS to automobile manufacturers

October 22, 2019[2019] 110 taxmann.com 74 (CCI)
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COMPETITION LAW: Where DG found that NSK and JTEKT, Japan had indulged in cartelisation in supply of Electric Power Steering (EPS) systems to three automotive original equipment manufacturers (OEMs) which had caused appreciable adverse effect on competition in India and said findings of DG had not been disputed or contradicted by either parties, it was to be held that there was contravention of provisions of 3(3), read with section 3(1) and accordingly penalty was to be imposed

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