Mahindra sees 10-15 pct autos growth in FY06

Newswire

BOMBAY, May 30 (Reuters) - India's Mahindra and Mahindra Ltd. said on Monday it expects its automobiles business to grow by 10 to 15 percent in the year to March 2006 and its farm equipment business to grow by 8-9 percent. The company said the April-June quarter did not look bright for automobiles because of new emission norms and price rises, though farm equipment sales had grown by about 30 percent in April and May compared with the same period a year ago.

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