CCI slaps Rs 87 crore fine on Hyundai

Competition Commission of India (CCI) on Wednesday imposed a fine of Rs 87 crore on Hyundai Motor India (HMIL) for anti-competitive conduct.

The penalty has been levied at 0.3% of the average relevant turnover of HMIL of preceding three years, CCI said in its order.

“Final order was passed today on informations filed by HMIL dealers viz. Fx Enterprise Solutions India Pvt. Ltd & St. Antony’s Cars Pvt. Ltd,” Ministry of Finance said in a tweet.

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