The Competition Commission of India (CCI) has found evidence of cartelisation in the country’s tyre manufacturing industry and is expected to issue an order soon,an official said.
The anti-trust regulator has been probing allegations of cartelisation among tyre manufacturers following a compliant.
A senior official today said the Commission has found cartelisation in the tyre industry and an order could be issued shortly.
However,names were not divulged.
The Director General of the Commission,which acts as its investigating arm,has already submitted the report on the issue.
Generally,cartelisation refers to entities entering into agreements whereby they decide not to compete on price or product or customers. Such practices adversely impact overall competition in the market.
Cartelisation is prohibited under the Competition Act.
The Commission has the mandate to eliminate practices that have an adverse impact on competition and protect the interests of consumers.
Recently,the fair-trade regulator had passed an order against cement companies on charges of cartelisation.
According to official data,the Commission was looking into 39 cases while 26 others were under investigation with the Director General as on June 30,2012.
Majority of cases relate to anti-competitive agreements and abuse of dominant market positions by different entities.