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CARE reaffirms rating of TVS Motor’s bank facilities

28 Mar 2013 Evaluate

Credit rating agency, CARE has reaffirmed AA- rating to Rs 208.10 crore long-term bank facilities of TVS Motor Company. The rating agency has also reaffirmed A1+ rating to Rs 320.72 crore short-term bank facilities of the company.

The company has received the said rating on the back of its long track record of operations with established presence in the two-wheeler industry and entry into the three-wheeler segment.

TVS Motor Company is a leading manufacturer of two wheelers in India and one among the top 10 in the world. TVSM currently manufactures a wide range of two-wheelers and three wheelers from its facilities at Hosur in Tamil Nadu, Mysore in Karnataka and Nalagarh in Himachal Pradesh.

Peers
Company Name CMP
Bajaj Auto 9872.75
TVS Motor Company 3963.00
Hero MotoCorp 5040.00
Eicher Motors 7005.00
OLA Electric Mobilit 36.58
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