Xuv

M&M profit soars 20% as car sales offset sluggish tractor biz

Profit for the fiscal first quarter rose to Rs 726 crore, Mahindra said, as revenue jumped 40 percent to Rs 9248 crore.<br /><br />

Move over, small cars. Indians love their big, flashy SUVs

Driving this demand are relatively young buyers, for whom high interest rates are apparently, not as big a deal as for their counterparts in the small car market.