The Competition Commission has found evidence of cartelisation in the country’s tyre manufacturing industry and is expected to issue an order soon, an official said.
The anti-trust regulator has been probing allegations of cartelisation among tyre manufacturers following a compliant.
A senior official on Thursday said the commission has found cartelisation in the tyre industry and an order could be issued shortly.
However, names were not divulged. The director general of the commission, which acts as its investigating arm, has already submitted the report on the issue.
Generally, cartelisation refers to entities entering into agreements whereby they decide not to compete on price or product or customers.