Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed the rating ‘A1+’ assigned for issue of Commercial paper by TVS Motor Company for a sum not exceeding Rs 100 crore.
TVS Motor is the 3rd largest two-wheeler manufacturer in India and one among the top ten in the world, with annual revenue of more than Rs. 10,131 Cr in 2014-15 (around USD 1.6 billion), and The company has a production capacity of 3 million 2 wheelers & 1.2 Lakh 3 wheelers a year.