NSK Limited gets 100% penalty reduction even as CCI slams brakes on Power Steering cartel

Aditya AK August 27 2019

The Competition Commission of India (CCI) recently found that Japanese industrial machinery manufacturers NSK Limited and JTEKT Corporation and their Indian subsidiaries indulged in cartelisation related to the supply of Electronic Power Steering (EPS) systems to automobile manufacturers.

However, the CCI granted a 100% penalty reduction to NSK, in light of its cooperation in the investigation into the allegations of cartelisation. JTEKT was granted a 50% penalty reduction for similar reasons.

The case reached the CCI after NSK itself filed an application under . . .

This content is restricted to subscribers