CCI imposes ₹27.38 crore penalty on Intel Corp for unfair biz practices | Company News

The Competition Commission has imposed a fine of ₹ 27.38 crore on Intel Corp for engaging in anti-competitive practices in relation to its India-specific warranty policy for its boxed microprocessors.

The penalty was imposed on the company for abusing its dominant position in the Boxed Microprocessors (BMPs) market for desktop computers in India.

The India-specific warranty policy is discriminatory compared to Intel’s warranty policies in China, Australia and the rest of the world, the Competition Commission of India (CCI) said on Thursday.

The commission also found that the policy limited the choice of consumers and parallel importers, thereby causing a significant adverse impact on Indian consumers.

Given that the India-specific warranty policy has been in place for eight years, the regulator imposed the penalty corresponding to 8 percent of Intel’s relevant average turnover.

“However, considering the mitigating factors, including discontinuation of the above-mentioned policy on 01.04.2024, the Commission reduced the amount and imposed a penalty of ₹ 27.38 crore on Intel,” the statement said. The statement was included.

Additionally, CCI directed Intel to widely publicize the withdrawal of its India-specific warranty policy and submit a compliance report.

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