Competition panel accuses Saint Gobain India for deliberate under-pricing

Date: 18 October 2011
Source: http://articles.economictimes.indiatimes.com

Date: 18 October 2011

NEW DELHI: India's competition watchdog has launched a full-fledged investigation against French glassmaker Saint Gobain after a preliminary review found that the company's Indian unit deliberately lowered prices of its products to drive out competition."We have substantial evidence that Saint Gobain Glass India (SGGIL) engaged in limit pricing to make entry into the float glass segment unprofitable for others," a senior official at the Competition Commission of India said.

Limit pricing, a monopolist practice in which an incumbent firm deliberately cuts the price of its products to discourage other potential entrants, is considered anti-competitive in India and could attract penal action under antitrust laws. But Chennai-based Saint Gobain Glass said the charge was baseless.
600450 Competition panel accuses Saint Gobain India for deliberate under-pricing glassonweb.com

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