Maruti Suzuki set to increase car prices January 2020 onwards to offset increase in input costs.
Going the High-Way: India's biggest car manufacturer Maruti Suzuki has announced that it will increase prices across various models from next month on the back of rising input costs.
The car manufacturer however did not disclose the quantum of price hike. Business Today
In Other News...: Telecom operators in India have hiked mobile tariffs by up to 42% in an attempt to boost revenue, particularly following the recent SC AGR verdict that has increased their outstanding dues. Analysts expect Reliance Jio to emerge as the biggest beneficiary of this move. They estimate Jio to clock an incremental quarterly revenue of INR3,900cr vs INR2,400cr for Airtel and INR2,100cr for Vodafone Idea. On the other end of the spectrum is Vodafone Idea, whose free cash flows are in the negative and market share is falling despite the hike in ARPU (average revenue per user). The Hindu
(Don't want to miss out on these End Of Day Wrap Ups? Subscribe Now to our WhatsApp Feed and get the day's Top Business stories straight on your favourite messaging app.)