Tata Motors Passenger Vehicles Ltd.

Credit rating agency, CARE has assigned ‘AA’ rating to Tata Motors’ long-term non convertible debentures (NCD) issue worth Rs 900 crore. The rating agency has maintained ‘AA’ ratings to company’s long-term non convertible debentures (NCD) worth Rs 2,900 crore. The company has received the said rating on the back of its long and established track record and its status as the largest Indian automobile Original Equipment Manufacturer (OEM) with a well-diversified product portfolio across categories.

Tata Motors is India's largest automobile company, 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.