PREMIER AUTOMOBILES LTD. & ANR. ETC. vs UNION OF INDIA

The Supreme Court upheld the Motor Car (Distribution and Sale) Control (Amendment) Order 1969 issued under Section 18G of the Industries (Development and Regulation) Act, 1951, which fixed ex-factory prices for certain motor cars. The Court found that the Commission's use of the 'historical method' for price determination was appropriate, despite criticisms regarding production capacity and exclusion of warranty costs. The Court emphasized the need for a fair return and proper depreciation methods, ultimately affirming the Commission's recommendations for pricing.