Mahindra and Mahindra turned on a better than expected Q1 performance. Their profit slipped 7% which was better than what analysts were expecting. Lower input costs have helped the company this time around. Volumes continued to fall in both the autos and tractors business, but the pace of fall has reduced considerably. ET NOW caught up with M&M’s ED – Pawan Goenka who remains cautiously optimistic about future prospects. Listen in to the man himself.