India Ratings & Research (Ind-Ra) has assigned 'BBB+’ rating to Omax Autos’ (Omax) Long-Term Issue. The Outlook is Stable. The ratings reflect Omax’s well-established market position in the auto ancillary industry with a track record of more than three decades, and also its large size and presence in the high-value technology-oriented products segment.
Omax Autos manufactures sheet metal components, precision machined components, tubular metal components and sprockets for supply to domestic automotive OEMs and tier-1 auto component manufacturers in Europe and the United States.