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ICRA reaffirms ratings of Jamna Auto’s Lines of Credit

19 Feb 2014 Evaluate

Credit rating agency, ICRA has reaffirmed the credit ratings of Jamna Auto Industries for Lines of Credit on the long-term scale at BBB- and short term scale at A3.

Jamna Auto is the largest manufacturer of tapered leaf springs and parabolic springs for commercial vehicles in India and is the number one supplier to Tata Motors (TML) and Ashok Leyland (ALL), the two major commercial vehicle manufacturers in Indian market for over 54 years. The company is also the largest spring manufacturer in the world.

Peers
Company Name CMP
SamvardhanaMotherson 164.05
Tube Investments 2551.00
Bosch 47780.00
UNO Minda 1230.60
Bombay Burmah Trdg. 1438.00
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