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"NEW DELHI: Onkar Kanwar, chairman of Apollo Tyres, has shot down reports that there is cartelisation in the tyre industry and said market forces determine pricing of products.“As far as Apollo Tyres is concerned, we go on our own pricing,” he told TOI, dismissing allegations of collusion between companies.Kanwar said the tyre market is highly-competitive with products being sold by domestic players, foreign makers and even those from China.“So there is no question of cartelisation.”The investigation arm of CCI is understood to have found five tyre companies — Apollo, MRF, Ceat, JK and Birla — guilty of cartelisation and acting in collusion to control market prices.The tyre companies have been asked to clarify their position to CCI.Follow and connect with us on Twitter, Facebook, Linkedin, Youtube"
<https://auto.economictimes.indiatimes.com/news/tyres/there-is-no-cartelisation-in-tyre-industry-we-go-on-our-own-pricing-apollo-tyres-chairman-onkar-kanwar/51301118>