News Brief

Mayank Kumar
1923022
 L&T bags up to Rs 5,000 crore order from Rail Vikas Nigam in Uttarakhand
The construction arm of L&T has secured a large order for its heavy civil infrastructure
business from RVNL for package 4 of the new broad-gauge line between Rishikesh and
Karanprayag in Uttarakhand, India, the company informed in a regulatory filing. The
engineering and construction company did not provide the exact value of the contract, but as
per its project classification, "large" orders are those valued between Rs 2,500 crore and Rs
5,000crore.

  Maruti Suzuki hikes prices of select vehicles by up to Rs 34,000

The country's largest carmaker Maruti Suzuki India on Monday said it has increased the price
for select models by up to Rs 34,000 to offset adverse impact of rising input costs. The
company is increasing the price for select models owing to an increase in various input costs.
The new prices are effective from January 18, 2021, Maruti Suzuki India said in a regulatory
filing. The price change varies across models and ranges up to Rs 34,000 (ex-showroom-
Delhi). Before the hike, Maruti Suzuki's range of vehicles were priced from Rs 2.95 lakh for
the entry-level small car Alto to up to Rs 11.52 lakh for the multi-purpose vehicle XL6.

References
 https://www.bloombergquint.com/business/l-t-bags-up-to-rs-5-000-cr-order-from-rail-
vikas-nigam-in-uttarakhand
 https://www.zeebiz.com/automobile/news-maruti-suzuki-hikes-prices-of-select-
vehicles-by-up-to-rs-34000-146329