Indonesia Watchdog Says Yamaha, Honda Distributors Guilty of Price-Fixing
February 21, 2017 | 8:50 am
Jakarta. Indonesia's anti-monopoly agency said on Monday (20/02) that two companies that make and distribute Yamaha and Honda motorbikes there were guilty of price-fixing.
A tribunal by the Indonesian Business Competition Supervisory Commission (KPPU) ruled that PT Yamaha Indonesia Motor Manufacturing and PT Astra Honda Motor had agreed to set prices for automatic scooters with an engine capacity of 110-125 cubic centimeters.
The tribunal fined Yamaha Indonesia Rp 25 billion ($1.9 million) and Astra Honda Rp 22.5 billion.
Astra Honda is jointly owned by Indonesian conglomerate Astra International and Japan's Honda Motor. Yamaha Indonesia is part of Japan's Yamaha Group.
In a statement, Yamaha Indonesia denied it had conducted price-fixing and said it reserved the right to file an appeal.
Astra Honda did not immediately provide a comment.
Reuters
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