Maruti Suzuki to enter mid-SUV segment

⭐ Maruti Suzuki to enter mid-SUV segment

Auto major ** Maruti Suzuki** is focusing on the SUV segment as the key area to lift its overall market share in the country. Currently, the company's overall market share is under 45% and it is looking to increase it to 50%. The management said that there is a need to enter the mid-SUV segment, and the company is planning to launch a model in the last week of September.

⭐ Telecom industry to scale new highs

According to an industry report, the telecom industry is set to cross the ₹10 lakh crore mark by next year and is expected to cross ₹13 lakh crore by 2025. The report states that the sector is likely to add ₹1 lakh crore every three years against the previous trend of adding the same amount in a four-year period. It also says that the sector is expected to grow at a CAGR of 9.4% between 2020-2025, while the smartphone industry will lead the growth at a CAGR of 15.9% during this period.

⭐ Oil prices plunge

Oil prices plummeted to their lowest since January 2022, with a rising dollar and global demand concerns weighing on prices. On Wednesday, the West Texas Intermediate (WTI) crude was trading below $85, while Brent crude fell below $90. On Monday, OPEC agreed to cut oil output for the first time in a year. The move is aimed at stabilising international crude oil prices, which have been on a decline over the last three months. OPEC will reduce production by 100,000 barrels per day in October.

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Turkey’s annual inflation crossed a whopping 80% in August after a cut in interest rate.