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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.
Intend to save 200 bps over the next 2 years under cost reduction programme, says M&M

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