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The Economic Times

Business

CCI finds laptop maker HP rigged bids, levies Rs 14.28 crore penalty

The Competition Commission of India (CCI) has imposed a total penalty of total Rs 14.28 crore on HP India and 16 of its resellers after finding them guilty of cartelisation in the sale and supply of print hardware consumables, including toner, cartridges and other products used with printing devices, a statement showed on Tuesday.

The regulator imposed a penalty of Rs 11.98 crore on HP India, while the 16 resellers were collectively fined around Rs 2.30 crore. The CCI also directed HP India and the resellers to cease and desist from engaging in anti-competitive conduct.

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