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India Fines 14 Carmakers for Overpricing Spare Parts

Follows move by Chinese regulators; US also looking at price fixing.

by on Aug.29, 2014

Indian automaker Tata, which makes the ultra-low-priced Nano, faced the biggest fine.

Regulators in India have levied more than $400 million in fines against 14 local and international automakers accusing them of intentionally overcharging for spare parts.

The move follows similar anti-monopoly actions in China that saw makers such as Mercedes-Benz accused of overpricing as a way to boost profits at the expense of vehicle owners.

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As many as 20 million Indian consumers were impacted by the practice of boosting prices for spare parts and aftermarket accessories, according to the country’s Competition Commission. The practice was made worse by the “denial of market access” to independent repair shares seeking both factory-authorized parts and diagnostic tools.

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