- Second verdict by CCI under the Leniency
Regulations
On April 19, 2018, CCI entertained an application for leniency
filed by Panasonic Energy India Company Ltd.
("Panasonic", part of Panasonic
Corporation, Japan) in a matter where Panasonic plead for lesser
penalty whilst disclosing that it was operating a cartel along with
Eveready Industries India Ltd.
("Eveready") and Indo National Limited
("Nippo") concerning manipulation and/or
distortion of production, price, sale, supply and distribution of
zinc-carbon dry batteries sold by them, which was a mutually
beneficial arrangement for the entities. It is pertinent to note
that even the managerial personnel of the aforesaid entities were
directly instrumental in achieving cartelisation. It is also
noteworthy that the Association of Indian Dry Cell Manufacturers
("AIDCM") was an active participant to
the cartel and its activities. Accordingly, penalties were also
imposed on the said personnel and the AIDCM. CCI
