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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 10352.65
TVS Motor Company 4236.55
Hero MotoCorp 5118.00
Eicher Motors 7239.75
OLA Electric Mobilit 35.80
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