1. Auto stocks fall, IGL stocks gain after NGT order on diesel vehicles in Delhi

Auto stocks fall, IGL stocks gain after NGT order on diesel vehicles in Delhi

Auto stocks hogged the limelight on Friday as the National Green Tribunal ordered that diesel-run vehicles will not be registered in Delhi and there will be no renewal of registration of such vehicles which are more than 10-year-old.

By: | New Delhi | Updated: December 11, 2015 6:15 PM
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Auto stocks hogged the limelight on Friday as the National Green Tribunal ordered that diesel-run vehicles will not be registered in Delhi and there will be no renewal of registration of such vehicles which are more than 10-year-old. (Reuters)

Auto stocks hogged the limelight on Friday as the National Green Tribunal ordered that diesel-run vehicles will not be registered in Delhi and there will be no renewal of registration of such vehicles which are more than 10-year-old.

Reacting on the news, the share price of Mahindra and Mahindra and Ashok Leyland declined 1.92 per cent and 2.98 per cent to Rs 1,266.20 and Rs 86.40 on Friday. Car maker Maruti Suzuki shares fell 0.34 per cent to Rs 4,481.40.

On the other hand, share price of city-based CNG provider Indraprastha Gas climbed nearly 3.32 per cent to Rs 481.15.

The Tribunal also directed Centre and state governments to consider not to buy any diesel vehicles for their departments.

(With agency inputs)

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