M&M Faces De-Rating Over Ban on Big Diesel Cars in Delhi: Piyush Jain

Automaker Mahindra & Mahindra, which gets around 4 per cent of its volume from Delhi, is likely to be downgraded because of the ban on registration of diesel cars with over 2000 cc engine in Delhi till March 31, 2016, says Morningstar India analyst Piyush Jain. The "sentimental de-rating" of diesel-run cars could be a bigger problem for the company, Mr Jain said. Investors will start thinking that other major cities, which are also ...