 "MRF profit up by 13.01 %")
The total income has increased by 3.71 per cent from Rs 3,332.77 crore for the quarter ended March 31, 2015 to Rs 3,456.48 crore for the quarter ended March 31, 2016.
The worst seems to be over for the heavy commercial vehicle industry and the current production trends indicate an upswing.
This augurs well for the replacement market demand in the long term. The two-wheeler and passenger car segments continue to be flat in view of the low demand from rural India and it is expected that a normal monsoon may revive demand, said the company.
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