Mahindra exec:saw 7-8pct sales loss due to shortage

Newswire

MUMBAI, July 28 (Reuters) - India's Mahindra & Mahindra Ltd saw 7-8 percent loss in sales due to supply constraints for tyres, fuel injection equipments and castings in the June quarter, company president Pawan Goenka said on Wednesday. Earlier, Mahindra & Mahindra, India's largest utility vehicles maker, beat forecasts with a 40 percent rise in fiscal first quarter profit driven by increasing demand in a fast-growing auto market. [ID:nBMA008108] (Reporting by Janaki Krishnan; ...

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