UPDATE 1-India's Mahindra Q1 net up 41 pct, beats f'cast


(Adds details, share price) MUMBAI, July 26 (Reuters) - India's biggest tractor and utility vehicle maker, Mahindra & Mahindra Ltd. , on Wednesday posted a better-than-expected quarterly net profit on strong sales and higher exports, lifting its shares 7 percent. Mahindra, which has about 30 percent of India's tractor market, the world's biggest by volume, said net profit rose 41 percent to 2.04 billion rupees ($43.6 million) in its fiscal first quarter to end-June from 1.45 billion ...

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