CCI penalises MRF, Apollo Tyres & others for indulging in cartelisation

Competition Commission of India (CCI) has imposed a penalty of ₹1,788.06 crore on Apollo Tyres, MRF, CEAT, JK Tyre and Birla Tyres for "indulging in cartelisation". "The tyre manufacturers had exchanged price-sensitive data amongst them through the platform of Automotive Tyre Manufacturers Association (ATMA) and had taken a collective decision on the prices of tyres," CCI said in a statement.