Mahindra & Mahindra Raises Tractor Growth Outlook on Strong Q2 Performance

Mahindra & Mahindra, a company that makes tractors and cars, is feeling very optimistic about its tractor business.

They now expect it to grow much faster than they thought before, between 10% and 12% each year.

This good feeling comes after a very successful second quarter, where their tractor business made over 50% more profit than last year.

Even their car business grew by 14%.

The company's overall profit went up by 18% compared to last year.

Many things are helping the tractor business, like good rain for farming, the government spending more money in the countryside, and lower taxes thanks to GST.

The festival season also means people are buying more.

However, their car sales were a bit held back in September because of shipping problems, but they expect to catch up in October.

Mahindra & Mahindra is also planning to show off a new big electric SUV soon.