Tata Motors Passenger Vehicles Ltd.

Credit rating agency, CARE has reaffirmed ‘AA’ rating to Tata Motors’ Non Convertible Debentures worth Rs 6,600 crore, which was enhanced from Rs 4,100. The company has received the said rating on the back of its well-diversified product portfolio across categories, widespread geographical presence aided by a strong sales and distribution network, its dominant market position in the domestic Commercial Vehicle (CV) segment and the strategic importance of the company to the Tata group.

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.