APOLLO TYRES-Dividend Doubled

Strong Demand for Tractors MAHlNDRA AND MAHINDRA, which has a market share of 19.3 per cent in tractors, 10.5 per cent in light commercial vehicles and 78 per cent in jeeps, recorded a mixed performance during 1990-91 Net sales recorded a growth of 7.3 per cent' over the previous year. Operating profits showed an increase of 5 per cent, but gross profits declined by 6.2 per cent and net profit by 22.9 per cent. The expense-to-sales ratio increased