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CARE Ratings has reaffirmed TVS Motor's Long Term Bank Facilities (₹2,100 Cr) and existing Non-Convertible Debentures (₹325 Cr) at 'CARE AAA; Stable' outlook. Its Commercial Paper (₹500 Cr), Short Term Instruments (₹1,900.35 Cr), and Short Term Bank Facilities (₹608 Cr) are reaffirmed at 'CARE A1+'. A new ₹675 Cr NCD issue received an assigned 'CARE AAA; Stable' rating.