CCP Imposed fine on HCAR & PSMC
IMC also warned; outcome awaited. Buyers suffer, dealers enjoying.
Its a combined mafia of auto comp and dealers
The Competition Commission of Pakistan has imposed fine of Rs. 175 Million & Rs. 155 Million to Pakistan Suzuki Motor Company & Honda Atlas Cars respectively on connection with rising of prices without intimation and found illegal.
The Competition Commission said that the majority of the parts of the both companies are produced now inside the Pakistan and both raised prices 5th time on back of rupee devaluation which is not justified. Notices were issued to both companies but no silent answer was found.
CCP further said the notice's also issued to Indus Motor's Pakistan and they are looking into matter.