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Tata Motors reviewing CCI order on probe against commercial vehicle business

Synopsis
Last week, the CCI had passed an order directing the Director General, CCI, to initiate investigation against the company for alleged abuse of dominant position with respect to dealership agreements in its commercial vehicles business in India.
The CCI order came on two complaints filed against Tata Motors, Tata Capital Financial Services and Tata Motors Finance.
Homegrown auto major
CCI) to initiate investigation against its commercial vehicles business in India for alleged abuse of its dominant position.
Last week, the CCI had passed an order directing the Director General, CCI, to initiate investigation against the company for alleged abuse of dominant position with respect to dealership agreements in its commercial vehicles business in India. ....

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Tata Motors reviewing CCI order on probe against commercial vehicle biz

Homegrown auto major Tata Motors on Tuesday said it is reviewing the order by the Competition Commission of India (CCI) to initiate investigation against its commercial vehicles business in India for alleged abuse of its dominant position.
Last week, the CCI had passed an order directing the Director General, CCI, to initiate investigation against the company for alleged abuse of dominant position with respect to dealership agreements in its commercial vehicles business in India.
The CCI, in connection with its prima facie order, has specifically noted in the order that nothing stated in the CCI s order shall tantamount to a final expression of opinion on the merits of the Case. It is reiterated that the company is reviewing the CCI s order and is engaging with its counsel to take suitable next steps, Tata Motors said in a regulatory filing. ....

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Tata Motors reviews CCI probe order

Tata Motors reviews CCI probe order
The order came on two complaints filed against Tata Motors, Tata Capital Financial Services Ltd and Tata Motors Finance Ltd
Tata Motors has said it is reviewing an order issued by the Competition Commission of India (CCI) to probe an alleged abuse of dominant position by the company with regard to dealership agreements.
“We understand that the CCI has passed a prima facie order and has not made any final or binding observations with regard to the allegations levelled against Tata Motors.
“Tata Motors is reviewing the order available in the public domain and will consult its legal counsel to take necessary steps,” a spokesperson of the company said. ....

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Indices see positive start; breadth strong

Read more about Indices see positive start; breadth strong on Business Standard. Key benchmark indices are trading higher in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 47.12 points or 0.1% at 48,724.67. The Nifty 50 index was up 28.30 points or 0.19% at ....

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