Tata Motors Passenger Vehicles Ltd.

Credit rating agency, CARE has reaffirmed ‘AA+’ rating to Tata Motors’ Non-Convertible Debentures (NCD) issue worth Rs 6,600 crore.

The reaffirmation of rating assigned to the NCD issue of the company continues to positively build in the continued robust performance of Jaguar Land Rover (JLR), key brands of TML in global premier and luxury cars segment on back of strong response for newly launched products such as new Range Rover Sport, new Range Rover, Jaguar F Type and variants of Jaguar XF & XJ.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.