JAKARTA. The Commission for the Supervision of Business Competition (KPPU) found that PT Yamaha Motor Indonesia Manufacturing and PT Astra Honda Motor involved in the price arrangement of automatic transmission motor cycle. Yamaha and Honda would be imposed fines of Rp 25 billion and Rp 22.5 billion, respectively. Yamaha and Honda were legally and convincingly found to have violated article 5 Law No 1/1999 on the Prohibition of Monopoly and Unhealthy Competition,” said Tresna Priyana Soemardi, Chairman of Commissioner Council in his verdict, Monday (20/2). Tresna said that the decision was made based on the evidence of two electronic mails of President Director of Yamaha Indonesia Yoichiro Kojima to the internal team of Yamaha in 2014. The emails mentioned that Yamaha would have to follow the price rise of Honda. Previously, the leaderships of Yamaha and Honda had met on the golf field.
Competition Commission to fine Yamaha and Honda
JAKARTA. The Commission for the Supervision of Business Competition (KPPU) found that PT Yamaha Motor Indonesia Manufacturing and PT Astra Honda Motor involved in the price arrangement of automatic transmission motor cycle. Yamaha and Honda would be imposed fines of Rp 25 billion and Rp 22.5 billion, respectively. Yamaha and Honda were legally and convincingly found to have violated article 5 Law No 1/1999 on the Prohibition of Monopoly and Unhealthy Competition,” said Tresna Priyana Soemardi, Chairman of Commissioner Council in his verdict, Monday (20/2). Tresna said that the decision was made based on the evidence of two electronic mails of President Director of Yamaha Indonesia Yoichiro Kojima to the internal team of Yamaha in 2014. The emails mentioned that Yamaha would have to follow the price rise of Honda. Previously, the leaderships of Yamaha and Honda had met on the golf field.