CORRECTED - CORRECTED-India Mahindra Q4 net up 89 pct; beats forecasts

Newswire

(Corrects year ago quarterly net sales figure in fourth para to 31.42 billion rupees from 31.48 billion) MUMBAI, May 28 (Reuters) - Mahindra & Mahindra Ltd , India's top utility vehicles and tractor maker, on Thursday beat expectations with near-doubling in quarterly net profit. Mahindra, which aims to enter the U.S. market with a pick-up truck and sport utility vehicle early next year, said net profit rose to 4.18 billion rupees ($87.6 million) in the fiscal fourth quarter ended ...

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