UPDATE 1-Mahindra Q2 net profit rises, cautious on outlook

Newswire

(Adds details) MUMBAI, Oct 26 (Reuters) - Mahindra & Mahindra Ltd. , India's top tractor and utility vehicle maker, posted a better-than-expected 27 percent rise in quarterly profit on Wednesday on strong exports and tractor sales. But the company, the world's number-four tractor maker, said it was cautious about the rest of the year because of high fuel prices and rising interest rates. Formed in 1945 to make Chrysler Jeeps for the local market, Mahindra now has more than a ...

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