India regulator fines Maruti Suzuki $27 mil.

India's antitrust regulator has imposed a fine of about 27 million dollars on Maruti Suzuki for allegedly restricting price discounts by dealers. Maruti Suzuki is a subsidiary of Japan's Suzuki Motor.

The Competition Commission of India said on Monday that the company set up contracts banning dealers from offering discounts beyond the limits in the contracts.
The regulator saw this as harmful to competition.

It noted that the company sent people disguised as customers to check whether dealers were offering further discounts.

The company says it will fully examine the order, and take necessary steps in line with the law.
Maruti Suzuki is the largest automaker in India, with about half the market share.