<p>Indian automaker Mahindra and Mahindra Ltd reported a smaller-than-expected rise in third-quarter profit on Friday, as higher expenses offset strong demand for its passenger cars.</p>.<p>Mahindra, which is known for XUV, Thar and Scorpio cars, said profit rose to Rs.1528 crore ($185.2 million) in the three months ended December 31, from Rs. 1335 crore a year earlier.</p>.<p>Analysts were expecting a profit of Rs.1761 crore, according to Refinitiv IBES data. </p>
<p>Indian automaker Mahindra and Mahindra Ltd reported a smaller-than-expected rise in third-quarter profit on Friday, as higher expenses offset strong demand for its passenger cars.</p>.<p>Mahindra, which is known for XUV, Thar and Scorpio cars, said profit rose to Rs.1528 crore ($185.2 million) in the three months ended December 31, from Rs. 1335 crore a year earlier.</p>.<p>Analysts were expecting a profit of Rs.1761 crore, according to Refinitiv IBES data. </p>