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.