Mahindra sees FY05 domestic vehicle sales up 25pct

Newswire

BOMBAY, Feb 22 (Reuters) - India's Mahindra & Mahindra Ltd. said on Tuesday it saw domestic vehicle sales up 25 percent and exports rising 70 percent in the current year to March. The firm, India's largest utility vehicles maker, said it was still facing pricing pressure and was unable to pass price increases on to customers. The company also said it was close to finalising a joint venture in Russia.

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