CCI fines Maruti Suzuki for violation of competition norms

• On Monday, the Competition Commission of India (CCI) fined India's largest carmaker, Maruti Suzuki of ₹200 crores, for violating competition norms.

• Maruti Suzuki has been fined for maintaining a discount control policy that prevented its dealers from providing further discounts.

• If the dealers wanted to give additional discounts to their customers, then they would have to compulsorily seek prior approval from the company.

• The CCI found this discount control policy to be anti-competitive and therefore fined the company.