The Competition Commission of India (CCI) has ordered Schneider Electric India Pvt Ltd to modify the electrical and automation business of Larsen & Toubro Limited (L&T) that it is acquiring in order to avoid the ₹14,000-crore deal from stifling competition in the Indian market for low voltage switch gears.
Schneider Electric India is the largest low voltage switch gear maker in the country.
A statement issued by the CCI on Thursday said Schneider Electric India has been asked to reserve a part of the acquired production capacity of L&T’s electrical and automation business for supplying products to third party rivals who can sell them under their own brand names. The idea is to avoid the combined entity of the largest and second largest producers of low voltage switch gears affecting market competition.
