MoneyWorks4Me

CARE reaffirms rating assigned to bank facilities of TVS Motor Company

29 Oct 2015 Evaluate

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.


Peers
Company Name CMP
Bajaj Auto 9861.10
TVS Motor Company 3920.20
Hero MotoCorp 4991.10
Eicher Motors 6960.00
OLA Electric Mobilit 36.30
View more..