Reports in India suggest Mahindra & Mahindra will face engine capacity issues for some models.
The Indian automaker unveiled an improvement of 8% net profit for the first quarter of this year, pushed by strong volume.
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However, sales overall in India grew at their slowest pace in more than two years in June – just 1.62% to 143,370 cars from 141,086 – as higher fuel prices and rising loan rates kept buyers away from showrooms.
This is the lowest percentage gain since a 1.16% increase in March 2009, when sales were hit by the global economic slowdown, Dow Jones reported. The single-digit growth in June followed a rise of 7% in May and 13% in April.
