Global credit rating agency, Moody’s Investors Service has affirmed the Ba3 corporate family rating of Tata Motors and maintained the stable outlook.
The group’s consolidated results for the financial year ended March 31, 2014, to be announced on May 29, is expected to be improved on y-o-y basis, on the back of record performance from Jaguar Land Rover Automotive plc which sold 434,311 cars in FY2014, an increase of 15.9% over FY2013.
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.
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