Mahindra exec: material costs to rise in H2 FY11

Newswire

MUMBAI, Oct 29 (Reuters) - Mahindra & Mahindra , India's largest utility vehicles maker, expects input costs to rise 2-3 percent in the second half of the fiscal year ending March 2011, Automotive President Pawan Goenka said on Friday. Mahindra earlier reported a 7.8 percent rise in quarterly net profit, driven by higher volumes in a fast-growing auto market. [ID:nBMA008730] (Reporting by Prashant Mehra)

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