Credit rating agency, ICRA has upgraded ratings of Jamna Auto Industries for line of credit on long term scale from ‘A’ to ‘A+’. The outlook on the long-term rating is stable. The committee has also upgraded ratings of the company for line of credit on short term scale from ‘A1’ to ‘A1+’.
Jamna Auto is the largest manufacturer of tapered leaf springs and parabolic springs for commercial vehicles in India and is the number one supplier to Tata Motors (TML) and Ashok Leyland (ALL), the two major commercial vehicle manufacturers in Indian market for over 54 years. The company is also the largest spring manufacturer in the world.
