Tata Motors Passenger Vehicles Ltd.

Standard & Poor’s Ratings Services has revised its outlook on Tata Motors to stable from positive and affirmed its ‘BB’ long-term corporate credit rating. The rating agency also affirmed the ‘BB’ long-term issue ratings on the company's senior unsecured notes.

Recently, the company was planning over a price hike of the products in order to lessen the affect of the volatility in rupee and rising input costs. The quantum of the hike will be depending on the various models.

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.