It is a new challenge for formerly government-owned Air India, which Tata Group took over last year.
Vaibhav Choukse, head of competition law at India's J. Sagar Associates, said that if the CCI isn't satisfied with Air India's response or the concessions offered, it could order a "Phase II" review that can take more than three months. The CCI note comes amid growing concerns within the industry about a duopoly, with a merged Air India-Vistara and IndiGo controlling more than 80% of the domestic market as smaller rivals such as SpiceJetMajor airline mergers typically receive scrutiny from big markets in which they operate around the world. In November, Tata and Singapore Airlines said they expected the merger to be completed by March 2024.
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Does Your Company Have an India Strategy?The price-to-book ratios of Indian subsidiaries of multinationals far exceeds those of their parent companies. That suggests the subsidiaries have better growth prospects, which makes sense given India’s rapidly growing middle class. At this point, any multinational without an India strategy is missing out on a major opportunity for growth and profitability. But tailoring your strategy for India requires customizing your products and services and tapping into the “India stack.”
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