India probe finds bearings collusion by SKF, Schaeffler, Tata Steel units

NEW DELHI (Reuters) - An Indian antitrust investigation has found that units of Tata Steel, Sweden's SKF and Germany's Schaeffler colluded on the pricing of bearings, a report seen by Reuters shows, opening them up to potential fines.The Competition Commission of India (CCI) began an investigation in 2017 after allegations that five companies colluded on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector.The CCI can fine firms up to three times the..