UPDATE 1-India's Mahindra Q4 net falls 6.4 pct, lags f'cast

Newswire

(Adds detail, shares) MUMBAI, May 28 (Reuters) - Mahindra & Mahindra , India's top utility vehicle and tractor maker, posted an unexpected 6.4 percent fall in quarterly profit, hurt by rising raw material prices and said it faced a challenging year ahead. Mahindra, which lost the bid for Ford Motor's Jaguar and Land Rover to Tata Motors , makes the Logan sedan in a venture with Renault and wants to enter the Indian market for motorbikes, the world's biggest after China. "With the ...

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