New Delhi, Feb 4 (TIWN): The Competition Commission of India (CCI) on Wednesday said it has imposed penalties of Rs 425.53 crore on Apollo Tyres, Rs 622.09 crore on MRF, Rs 252.16 crore on CEAT, Rs 309.95 crore on JK Tyre and Rs 178.33 crore on Birla Tyres for indulging in cartelisation.

Beside, the fair market regulator passed a "cease and desist order" against them.

On August 31, 2018, the CCI had given an ruling against these tyre companies and their association, the Automotive Tyre Manufacturers Association (ATMA) for indulging in cartelisation of tyre prices.

A penalty of Rs 0.084 crore was also imposed on the association.

The case against these companies was initiated on the basis of a reference received from the Ministry of Corporate Affairs, based on a representation made by the All India Tyre Dealers Federation.