Exclusive: India watchdog probes allegations of anti-competitive conduct by Maruti - sources [Reuters]
SUZUKI MOTOR CO UNSP/ADR (SZKMY)
NASDAQ:AMEX Investor Relations:
globalsuzuki.com/ir
Company Research
Source: Reuters
Exclusive: India watchdog probes allegations of anti-competitive conduct by Maruti - sources NEW DELHI (Reuters) - India’s antitrust regulator is looking into allegations that Maruti Suzuki, the country’s biggest car maker, resorted to anti-competitive practices by controlling how its dealers discounted cars, three people aware of the matter said. Maruti, majority-owned by Japan’s Suzuki Motor Corp, is a household name in India where it commands a 51 percent market share. It sold 1.73 million passenger vehicles in the year to March and has nearly 3,000 dealers in the country. The Competition Commission of India (CCI) is looking into allegations that Maruti forces its dealers to limit the discounts they offer, effectively stifling competition among them and harming consumers who could have benefited from lower prices if dealers operated freely, the people told Reuters. It was not clear over which period Maruti allegedly engaged in this conduct, but one of the people with direct knowled
Show less
Read more
Impact Snapshot
Event Time:
SZKMY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SZKMY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SZKMY alerts
High impacting SUZUKI MOTOR CO UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SZKMY
News
- Carmaker Maruti Suzuki Beats Profit Forecast on Higher Sales [BNN Bloomberg (Canada)]BNN Bloomberg
- India's Maruti Suzuki adds assembly line at its largest plant [Reuters]Reuters
- Global Automotive Engine Connecting Rods Market Poised for Growth as Demand for High-Performance Vehicles Escalates [Yahoo! Finance]Yahoo! Finance
- Suzuki Global Ventures, Suzuki's Corporate Venture Capital Fund, Invests in Soracom [Yahoo! Finance]Yahoo! Finance
- SkyDrive Signs Pre-Order with Bravo Air and Agrees to Partner in Developing Commercial Use Cases Originating from Augusta Regional Airport [Yahoo! Finance]Yahoo! Finance