Tyre stocks Tyre stocks under pressure after CCI slaps Rs 1,788-crore fine over cartelisation

Shares of most tyre manufacturers were under pressure in the morning trade on February 3 after the Competition Commission of India (CCI) slapped a Rs 1,788-crore fine on these companies for cartelisation. The fair-trade body found that five companies and the Automotive Tyre Manufacturers Association had jointly increased prices of cross-ply variant of tyres sold by each […]