Jh Home Appliances, Inc., facing probe over price hikes

JhHome Appliances Inc. and its parent company Jharkhand-based Jhansi Enterprises are facing a probe into the prices charged by its competitors.The probe by the Competition Commission of India is aimed at finding out if prices are artificially high and not competitive. In a statement, the regulator said it was investigating whether Jhhome Appliances and JhANSI have…

Published by admin inOctober 15, 2021
Tags:

JhHome Appliances Inc. and its parent company Jharkhand-based Jhansi Enterprises are facing a probe into the prices charged by its competitors.

The probe by the Competition Commission of India is aimed at finding out if prices are artificially high and not competitive. 

In a statement, the regulator said it was investigating whether Jhhome Appliances and JhANSI have artificially inflated the prices of its products. 

It said that since Jh home products were the first choice of Indian consumers for home appliances, the Commission has asked for a report on the price structure of Jh products and how it can be improved. 

According to the regulator, Jh homes have been the fastest-growing segment in the Indian consumer market.

In the first six months of this year, the total market value of Jhome products in India grew by a staggering Rs 6,764 crore to reach $13.1 billion. 

The regulator said the prices were artificially high, which was not competitive with its competitors in the market. 

“This is a major concern and it is being actively looked into by the Commission,” said a source at the regulator. 

A senior official at the company declined to comment on the report. 

JhHome’s chief executive, G. Suresh Kumar, declined to respond to the commission’s statement, saying the matter was being examined. 

As a result of the probe, Jhome said it will raise its prices on January 1, 2019, from the current price of Rs 1,400 to Rs 2,000. 

Kumar told the media in an interview that the probe is an “adverse action” taken by the regulator on its orders. 

An internal investigation has also been initiated into the conduct of the two companies. 

While the regulator has already opened an investigation into the JhHOME price hike, the government may take steps to bring the matter before the Supreme Court, the official said.

스폰서 파트너

2021 베스트 바카라사이트 | 우리카지노계열 - 쿠쿠카지노.2021 년 국내 최고 온라인 카지노사이트.100% 검증된 카지노사이트들만 추천하여 드립니다.온라인카지노,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,바카라,포커,블랙잭,슬롯머신 등 설명서.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.우리카지노 | 카지노사이트 | 더킹카지노 - 【신규가입쿠폰】.우리카지노는 국내 카지노 사이트 브랜드이다. 우리 카지노는 15년의 전통을 가지고 있으며, 메리트 카지노, 더킹카지노, 샌즈 카지노, 코인 카지노, 파라오카지노, 007 카지노, 퍼스트 카지노, 코인카지노가 온라인 카지노로 운영되고 있습니다.우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.