Shares of automobile companies have extended losses in Monday morning trades and are trading lower after the National Green Tribunal (NGT) on Friday has ordered immediate ban on registration of diesel-run cars in the national capital. The order further states that there won’t be any renewal of registration of vehicles that are older than 10 years in Delhi.

Among individual stocks, Tata Motors has skid over 3% to Rs 366, M&M has slipped nearly 2% to Rs 1,238, Ashok Leyland has dropped 0.7% to Rs 85, and Eicher Motors has lost 2.4% to Rs 15,187 on the Bombay Stock Exchange.

Mahindra & Mahindra is close to signing a deal to buy Italian car designer Pininfarina , two sources with direct knowledge of the matter said on Friday, the latest purchase of an iconic Italian brand by an Asian company.

The terms of the deal have been agreed by both parties after months of talks and an announcement could come as soon as next week, the sources said.

Diwali demand helped the country’s car makers to report a double-digit growth in November, a consecutive month of high growth. Based on industry data, the November sale is estimated to have grown by about 11 per cent.

Three top players — Maruti Suzuki, Hyundai and Mahindra — reported a double-digit growth. November in 2014 was a low base month, since Diwali was celebrated in October. In October, automobile makers had reported an increase of 21 per cent.

Mahindra & Mahindra today reported a 21 per cent increase in the total sales at 41,590 vehicles in November.

The company had sold 34,292 units in the same month last year, M&M said in a statement.

Mumbai: Mahindra and Mahindra Ltd on Wednesday launched an automatic version of its sports utility vehicle XUV500. Priced at Rs.15.36 lakh (ex-showroom, Navi Mumbai), the new variant comes with a six-speed automatic gear box and is available in an all-wheel drive version, the company said in a statement. It has sourced the automatic transmission unit from AISIN, Japan.

Amid a slowing market for light commercial vehicles (LCVs), Mahindra & Mahindra (M&M) has managed to go past Tata Motors and take the top position. While the domestic LCV market has shrunk over five per cent this year, M&M has been able to gain market share. Tata Motors, earlier the market leader, has taken deep cuts, especially in the goods carrier LCV segment.

Mahindra and Mahindra (M&M) has doubled its market share in the sub-2 tonne light commercial vehicles (LCV) segment during the July-September quarter compared to the quarter preceding it, mainly on the back of its latest offering Jeeto, which was launched in June.

Though M&M’s latest offering has been success in the market, the light commercial vehicle volumes in the current fiscal have been on a continuous decline due to poor demand in the rural market and lack of financing options for prospective buyers.

Homegrown auto major Mahindra & Mahindra today reported 2.43% decline in standalone net profit at Rs 923.56 crore for the second quarter ended September 30, 2015-16.

It had posted net profit of Rs 946.63 crore in the July- September period of the 2014-15 fiscal, Mahindra & Mahindra said in a filing to BSE.

Mahindra & Mahindra (M&M) is trading higher by nearly 5% to Rs 1,228 on the BSE in otherwise weak market after automaker has reported 20% year on year (YoY) growth in total sales of 51,383 units in the month of October 2015. It had sold 42,780 units in the same month year ago.

In the domestic market, sales were up by 21 per cent to 48,815 units last month as against 40,278 units in October 2014. Exports were up three per cent at 2,568 vehicles as against 2,502 units in the same period a year ago.

Mahindra & Mahindra is the only automobile company in the country that has a diverse portfolio of vehicles, which comprises scooters, motorcycles, cars, sports utility vehicles (SUVs), heavy commercial vehicles (HCVs), light commercial vehicles (LCVs), electric cars and tractors. Regularly churning out new and successful models in each of these segments is not an easy proposition for any company. To be fair to Mahindra & Mahindra, it has managed to do a rather good job in India's extremely competitive passenger vehicle segment. Much of that credit needs to be given to its clutch of SUVs.

SUVs such as the Bolero, Thar, Scorpio and XUV500 have been well accepted in the country. But it's the compact SUV segment where Mahindra really needs to make an impact. The company recently launched the Mahindra TUV300 (pronounced three double O, as in the alphabet O). The design of the TUV300 has been inspired by a battle tank.

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