Bearings Cartel – Tata Steel Caught Rigging Prices
November 28, 2019
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An Indian antitrust investigation into the Bearings Cartel has found that units of Tata Steel, Sweden’s SKF and Germany’s Schaeffler colluded on the pricing of bearings to pass higher raw material costs onto customers in the auto sector; opening them up to potential fines. India’s Competition watchdog The Competition Commission