CEAT controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Indian tyre price-coordination investigation
The Competition Commission of India investigated CEAT and other tyre companies over allegations that they exchanged price-sensitive information and coordinated pricing for tyre supplies to Haryana’s public transport corporation. Reference material reports an earlier combined penalty of Rs 1,788 crore, including Rs 252.16 crore attributed to CEAT, and searches at company locations in April 2022.
2022
CCI fines tyre manufacturers for cartelisation
Fine or penalty
India's Competition Commission imposed penalties on Apollo Tyres, MRF, CEAT, JK Tyre and Birla Tyres for cartelisation and issued a cease-and-desist order. The regulator said the manufacturers exchanged price-sensitive data and made collective tyre-pricing decisions.
Source excerpt
The Competition Commission of India (CCI) on Wednesday said it has imposed penalties of Rs 425.53 crore on Apollo Tyres, Rs 622.09 crore on MRF, Rs 252.16 crore on CEAT, Rs 309.95 crore on JK Tyre and Rs 178.33 crore on Birla Tyres for indulging in cartelisation.
The Commission noted that the tyre manufactures had exchanged price-sensitive data amongst them through the platform of their association, namely, the Automotive Tyre Manufacturers Association (ATMA), and had taken collective decisions on the prices of tyres,