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M&M expects reduction in tractor sales-news31052012


Mahindra & Mahindra (M&M), India's biggest utility vehicle maker, expects tractor sales growth in India to slow to 5-6% in 2012-13 from 10-12% forecast earlier, a company official said today (May 31, 2012).

Mahindra, the flagship company of the $14.4 billion Mahindra Group conglomerate, reported a forecast-beating 44% jump in quarterly profit this week, on strong volume growth in the face of rising input costs.
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