UPDATE 2-India Mahindra Q1 net rises, not decided on Ssangyong

Newswire

* June qtr profit 5.6 bln rupees vs 5.02 bln consensus * Will decide later on bid for Korea's Ssangyong Motor * Inflation, interest rates, raw materials are concerns * Shares up 0.7 percent in slightly weaker Mumbai market (Adds quotes,details) By Janaki Krishnan MUMBAI, July 28 (Reuters) - Mahindra & Mahindra said it will postpone a decision on bidding for South Korean sport utility vehicle maker Ssangyong Motor , buying itself some time before the Aug 10 deadline for bids. ...

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