Mahindra & Mahindra Financial Services' disbursals are picking up month on month (MoM) but remain down year on year (YoY), said Ramesh Iyer, VC & MD of the company. The company has gone slow on financing non-M&M tractors, said Iyer.

According to Iyer, rural market has seen demand for all products, therefore, overall demand has remained positive. However, heavy commercial vehicles are not doing well, he said.

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