Akar Auto Industries Ltd — Important, 12-11-2025: Company Update
12-11-2025 | 02:10 pm
12-11-2025 | 02:10 pm
Akar Auto Industries (AAIL) has secured an upgrade in its credit ratings from Infomerics. Long-term bank facilities, amounting to Rs. 50.02 crore, are now rated IVR BBB/Stable, with short-term facilities of Rs. 50.32 crore receiving an IVR A3+. This upgrade reflects AAIL's strengthening business profile, driven by revenue diversification and expected profitability boosts from solar power initiatives. Increased demand in the commercial vehicle segment, spurred by GST rate cuts, further supported this positive reassessment, indicating improved financial health and growth trajectory for the company.
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