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you can assign relations sets in django.
def Red(self, request, queryset):
red_color = Colour.objects.get(colour_name__iexact='Red')
queryset.update(available_colours=[red_color])
according to your comment and to docs, it seems django doesnot support bulk update for manytomany fields.
you can solve it this way:
def Red(self, request, queryset):
red_color = Colour.objects.get(colour_name__iexact='Red')
for car in queryset:
car.available_colours.add(red_color)
Source:stackexchange.com