Tata Motors Passenger Vehicles Ltd.

Global rating agency, Fitch Ratings has affirmed India-based Tata Motors' Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB’. The outlook is stable. The company has received the said rating affirmation on the back of strong growth in sales volume for the company (standalone) and JLR through increased geographic and product diversification, while maintaining strong profitability.

Recently, Tata Motors Group global wholesales in November 2013, including Jaguar Land Rover, were 81,957 units. Cumulative wholesales for the fiscal were 6,74,729 units.

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.