Maruti, Hyundai wholesales decline as chip shortage bites
The Hindu
Mahindra, Tata Motors, Toyota report growth in dispatches
With the semiconductor shortage continuing to impact production, top passenger vehicle makers Maruti Suzuki India and Hyundai Motor India on Wednesday reported a decline in wholesales in the domestic market in November.
However, Mahindra & Mahindra and Tata Motors along with Toyota Kirloskar Motor (TKM) posted increases in their respective domestic passenger vehicle wholesales last month.
Maruti said total domestic sales declined 18% to 1,17,791 units from a year earlier.
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IDBI Bank's Q3 net profit rises slightly to ₹1,935 crore, with total income and interest income declining.
HDFC Bank Ltd., India’s largest private sector bank, reported 11.5% growth in net profit for the quarter ended 31 December 2026 at ₹18,654 crore compared with ₹16,735.5 crore a year ago.
When Union Minister for Road Transport and Highways, Nitin Gadkari, recently spoke about the transformative potential of Vehicle-to-Vehicle (V2V), a technology for autonomous driving in India, he framed it as a critical lever for safer roads, smarter traffic management and future-ready mobility. That vision is already finding concrete expression inside Samsung Electronics-owned HARMAN Automotive’s India operations, which are emerging as a global hub for software-defined and connected vehicle technologies, says Krishna Kumar, Managing Director and Automotive Head, HARMAN India.
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ICICI Bank Ltd., the second largest private sector bank, for the third quarter ended 31 December 2025 reported 4% drop in net profit to ₹11,318 crore as compared to ₹ 11,792 crore in the year ago period on account of making additional standard asset provision of ₹1,283 crore during the quarter as per direction of the Reserve Bank of India (RBI).
HDFC Bank's Q3 profit rises 12% to ₹19,807 crore, driven by increased net interest and non-interest income.
RBL Bank's Q3 net profit skyrockets 555% to ₹214 crore, driven by improved asset quality and strong retail advances.