TVS Motor Company Limited — Credit Ratings, 25-06-2026: Credit Rating

CARE Ratings has upgraded TVS Motor's Long Term Bank Facilities (₹2,100 Cr), Long Term/Short Term Bank Facilities (₹950 Cr LT portion), and Non-Convertible Debentures (₹200 Cr total) to CARE AAA; Stable. This upgrade reflects strong operational and financial performance. Short Term ratings for Commercial Paper (₹500 Cr) and other short-term instruments (₹2,508 Cr) were reaffirmed at CARE A1+.