Tata Motors Passenger Vehicles Ltd.

Tata Motors, country’s largest automobile company is reportedly planning to raise $55.13 million through 26-month bonds at 9.15%. These bonds are rated AA by Care Rating. The automaker has employed Yes Bank as a sole arranger to the bond sale.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1,65,654 crore ($32.5 billion) in 2011-12. It 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.