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

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

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.

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