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Mahindra Q2 Profit Rises 13 Percent on SUV Demand

Indian automaker Mahindra and Mahindra posted a 13 percent rise in quarterly profit as robust demand for sport-utility vehicles offset rising raw material costs. Total auto volumes grew while tractor sales declined due to an uneven monsoon season.

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The logo of Mahindra Electric Origin SUVs is seen on the hood of the Mahindra XEV 9e, an electric SUV, during India's five-day auto show in New Delhi, India, January 18, 2025.

MAHINDRA & MAHINDRA LTD posted a 13% rise in quarterly profit to 51.02 billion rupees ($539.85 million) on Thursday, driven by strong demand for sport-utility vehicles.