Auto Intend to save 200 bps over the next 2 years under cost reduction programme, says M&M Updated : November 20, 2018 06:27 AM IST Parthasarathy said commodity cost and expenses towards launching the Marazzo MPV in September led to lower auto margins in the second quarter. The company posted a 23.9 percent rise in quarterly profit, beating street estimates, helped by higher revenue from its automotive segment. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.