May look at logistics business IPO in FY18 itself if timelines permit: M&M

Mahindra and Mahindra (M&M) reported earnings on Friday. VS Parthasarathy, the CFO spoke to CNBC-TV18's Surabhi Upadhyay on the outlook for FY18.

Quarter on quarter (QoQ) comparison tends to be a myopic view, he said.

We are seeing revenue growth because auto is a combination of utility vehicles (UV) and commercial vehicle (CV) and heavy commercial vehicles (HCV) which have done well and are expected to do even better. I see a lot of positives, he added.

The industry volume growth is seen at 10-12 percent higher this year and I think that it should have a higher bias, said Parthasarathy.