UPDATE 1-Mahindra's Q4 net up 5 pct, sees costs pressure

Newswire

(Adds details, comments) By Rina Chandran BOMBAY, May 30 (Reuters) - Mahindra & Mahindra Ltd., India's biggest tractor and utility vehicles maker, beat forecasts with a 5 percent rise in quarterly profit on Monday and said it would cut more costs to offset higher raw material prices. Mahindra, formed in 1945 to make Chrysler Jeeps, has been boosted by a recovery in India's tractor industry, the world's biggest, as steady crop output in the last two years have lifted rural incomes ...

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