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Tata Motors Passenger Vehicles Ltd.
BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
343.90
-9.70 (-2.74%) CARE reaffirms rating of Tata Motors’ NCD issues
Date: 18-10-2012Credit rating agency, CARE has reaffirmed AA rating to Tata Motors’ Non Convertible Debentures (NCD) worth Rs 2,600.00 crore.
The company has received the said rating reaffirmation on the back of its well-diversified product portfolio across categories, widespread geographical presence aided by strong sales and distribution network, dominant market position in domestic Commercial Vehicle (CV) segment and the strategic importance of TML in the Tata group.
Tata Motors is one of the leading automotive manufacturers in India and the second largest company based on revenue in the Tata group for FY11.