Mahindra Said to Be in Talks to Buy Ferrari Designer

Mahindra & Mahindra Ltd., India’s largest maker of sport-utility vehicles, is in talks to buy Italian auto design and engineering company Pininfarina SpA, according to people familiar with the matter.

Mahindra is closing in on the purchase of the company that designed the Ferrari Testarossa after weeks of talks, said the people, who asked not to be identified because the discussions are private. Negotiations are continuing and could still fall apart, the people said. Pininfarina’s shares surged 26 percent Wednesday, the biggest gain in almost four years, lifting the company’s value to 155 million euros ($170 million).