The rating agency ICRA has reviewed the credit rating assigned to Jamna Auto Industries and reaffirmed the long term rating at AA- and the short-term rating at A1+. Credit rating assigned to commercial paper is reaffirmed at A1+. Outlook on the long-term rating has been revised from Negative to Stable.
Jamna Auto Industries is the largest manufacturer of Tapered Leaf and Parabolic Springs for Commercial Vehicles (CVs) in India. It has been a trusted and preferred supplier of Leaf and Parabolic Springs to all major CV manufacturers many years.
