Competition Commission has dismissed allegations of unfair business practices made against Daimler Financial Services and Mercedes Benz India with respect to lease financing of a luxury car.
Apart from the two entities, the complaint was also filed against Autohanger and Mercedes Financial Services.
The complainant had entered into a lease financing agreement with Daimler Financial Services India Pvt Ltd for availing the services of a Mercedes-Benz GL 350 model vehicle.
It was alleged that certain clauses in the leasing agreement were abusive.
For the complaint, Competition Commission of India (CCI) considered 'provision of lease financing services for luxury cars in India' as the relevant market.
Rejecting the allegations, the regulator said that since Daimler Financial Services is not a dominant player in the relevant market, the question of alleged "abusive conduct" by it does not arise.
There are many players in the relevant market offering lease financing services and the complainant had multiple options to approach them, CCI said in an order on February 2.
It is improbable that Daimler Financial Services could have operated independently of the market forces in the relevant market, the regulator added.
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