Tata Motors Passenger Vehicles Ltd.

Credit rating agency CARE has revised the rating of Tata Motors’ long term bank facilities and Non convertible debentures (NCDs) from AA+ (Outlook stable) to AA (Outlook stable).

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.