Tata Steel, SKF and Schaeffler units colluded on prices of bearings: CCI

Topics Tata Steel | SKF India | Schaeffler

The Competition Commission of India (CCI) antitrust body has ruled that units of Sweden’s AB SKF, Germany’s Schaeffler AG, and Tata Steel, along with local firm National Engineering Industries, are guilty of colluding and fixing prices of vehicle ball bearings.

  The CCI began a probe into the matter in 2017 after receiving information that the entities had been colluding on bearings prices from 2009-2014, to pass on higher raw material costs to customers in the auto sector.   In a 36-page order issued on.....

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