Word on the street is that Jio is launching an affordable smartphone priced at Rs. 4000. And this could be a serious blow to Airtel and Vodafone-Idea (Vi).
Why? (1/6)
Well, the answer lies in the massive 2G user base in India. Airtel has 13Cr and Vi has over 17Cr 2G users. 47% of Airtel's and 60% of Vi's users are on 2G
Even when Jio launched free calls and cheap data plans, they couldn't get a lot of 2G subscribers to shift to Jio (2/6)
The reason being, Jio's 4G sim only works on a 4G phone. And most 4G smartphones sold at the time were still expensive for low-income groups. Although Jio released a 4G feature phone, it didn't manage to convince a lot of people to switch. However that might be changing now (3/6)
Jio is partnering with Google to launch affordable smartphones priced at ₹4000. And word on the street is that Jio has asked Indian suppliers to augment their production capacity so that Jio could push out 20 Cr smartphones in the next 2 years (4/6)
If Jio were to be successful in making an affordable 4G smartphone, it can be a serious blow to Airtel and Vi. On the flip side, Indian manufacturers like Dixon, Lava, Karbonn would receive a big fillip since they could put some of their manufacturing capacity to good use. (5/6)
For more insights like this, subscribe to Finshots- bit.ly/35UXtkm It's free. (6/6)
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1/ Running an airline is tough. Costs are high, competition is cutthroat, and profits are rare. Just ask Jet Airways or Go First. Even Air India needed a Tata bailout.
But amid all this, one airline seems to be making a comeback—SpiceJet. Here’s how. 🧵👇
2/ For years, SpiceJet was in trouble—debt-ridden, losing market share, and struggling to stay afloat. But in Q3FY25, it turned a profit of ₹26 crores. A huge shift from its ₹300 crore loss in the same quarter last year. So, what changed?
Is Volkswagen being forced to leave India by the government? 👀🚗
The govt is asking them to pay up $1.4 billion in taxes!
But why? Find out below 🧵👇
2/
Indian tax authorities claim that Volkswagen owes them huge import duties.
It all comes down to how they import car parts. Let’s break it down.
Automakers like Volkswagen don’t build cars from scratch in India. Instead, they source parts from all over the world.
Think of it like assembling an IKEA table—you get multiple parts from different places and put them together.
3/ Here’s how it works:
🔹 VW’s software predicts demand for cars
🔹 It then orders 1,000 Skoda Kushaqs, for example
🔹 The system splits the order into 700–1,500 individual parts
🔹 Suppliers across the world (Germany, Mexico, Czech Rep.) ship these parts to India
The only thread you need to know EVERYTHING about RIL AGM 2024
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🧵👇
Updates about Jio Telecom
-Jio now world's largest mobile data company with a 490-million users, on average consuming over 30 GB of data monthly
-Jio's network carries nearly 8% of global mobile traffic.
-Jio users to get up to 100 GB of free cloud storage, to store and access photos, videos, documents, all other digital content, and data
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Advancements in Artificial Intelligence
- Jio is developing a comprehensive suite of tools across AI - called Jio Brain
- Groundwork for a national AI infrastructure, and gigawatt-scale AI-ready data centers in Jamnagar
- RIL's AI models and services will be hosted within India's borders, and comply fully with Indian data and privacy regulations
- Jio Phonecall AI that lets users record and store any call using AI and convert it from voice to text