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CCI Clears CEAT of 2019 Bid-Rigging in Competition Investigation

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Sig3.15Sen-3.40Env0.00Soc0.00Gov+2.35

CCI ruled that suspicious bidding patterns and high price quotes alone do not prove collusion, clearing CEAT from 2019 bid-rigging allegations. It fined two dealers, Rekha Agencies and SS Marketing, ₹1.3 lakh and ₹2.13 lakh, setting a higher evidentiary bar for cartels. Profitability remains under pressure, with Q1 FY27 net profit falling to ₹4 crore from ₹112 crore despite revenue rising.

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