Mahindra Q4 Profit Up 46 Percent as Vehicle Sales Soar 75 Percent YoY to Over 1.7 Lakh Units

Mahindra Q4 Profit Up 46 Percent as Vehicle Sales Soar 75 Percent YoY to Over 1.7 Lakh Units

Mahindra reported a better-than-expected second-quarter profit on Friday, driven by strong demand for its passenger vehicles and farm equipment. The Indian automaker posted a sharp 46 percent jump in profit as total vehicles sold soared 75 percent from a year ago to 174,098 units, while it had open bookings for…