ISLAMABAD: The Competition Commission of Pakistan (CCP) has initiated a probe against the leading auto manufacturing companies, Toyota and Suzuki.
The inquiry has been started under Section 37 of the Competition Act, 2010 over possible anti-competitive behaviour of car manufacturers who are putting unreasonable financial burden on the consumers.
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The inquiry is being conducted after the commission received various complaints regarding high prices of vehicles, hefty advance payments, delay in delivery of passenger vehicles, charging of premiums for on-spot delivery, and no facility to recall vehicles.
The inquiry will initially cover the market for consumer vehicles ranging between the engine capacity of 800cc to 1299cc in which Indus Motor Company Limited and Pak Suzuki Motor Company Limited are dominant players.
One of the major concerns shared with CCP is the consistent upward trend in prices of cars without an up-gradation of the technology.
