The court says Maruti will have 10 days from the CCI's final order to file an appeal.
The Delhi High Court, on Wednesday, refused to grant an interim stay on the Competition Commission of India's (CCI) investigation into allegations that the carmaker Maruti Suzuki abused its dominant position for agreements with vendors. It says Maruti will have 10 days from the CCI's final order to file an appeal.
The fair practices regulator is investigating 17 car makers for taking undue advantage of their position and selling spare parts only through their dealer networks, often resulting in high prices for components.
Maruti Suzuki stock price
On August 13, 2014, Maruti Suzuki India closed at Rs 2652.55, down Rs 13.85, or 0.52 percent. The 52-week high of the share was Rs 2683.60 and the 52-week low was Rs 1217.00.
The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 27.5. The latest book value of the company is Rs 707.16 per share. At current value, the price-to-book value of the company is 3.75.
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