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Hyundai fined Rs.87 crores by CCI

Hyundai is fined Rs.87 crores for providing discounts on its cars which CCI has found it violating the fair business practices. It was also instructed to cease and desist from such anti-competitive prices. In a strongly worded 44 page order, the CCI noted “Such conduct pertains to and emanates out of sale of motor vehicles. Hence, for the purposes of determining ... Read More »

KIA motors shifts its plant from Tamilnadu to Andhra

KIA Motors which is the part of Hyundai has announced its decision of shifting its manufacturing plant from Tamilnadu to Andhra Pradesh. The news comes at the time when few of the ministers houses were raided by the IT officials. Kannan Ramasamy, Managing Director of Infratech Infrastructure Services of Chennai has alleged on his facebook post that some politicians demanded a ... Read More »

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