Nursing upgraded Mahindra & Mahindra's credit rating to AAA

Credit analysis and Research Limited (Nursing) upgraded Mahindra & Mahindra's credit rating to AAA. The rating agency gives financial services to the local manufacturer M & m with the highest rating of "care AAA".

Mr. Anand Mahindra, chairman of Mahindra group, said: "the upgrading of this rating through nursing is the result of our proven financial flexibility in an increasingly challenging environment. With this, we have obtained an AAA rating from nursing and India rating (Fitch Group Corporation)“

Care, a rating agency, began operation in April 1993 and has become the second largest credit rating agency in India in its 20 years of existence. The amount of debt of the company is about rupees. 5699 billion (as of March 31, 2014).

According to Mr. v s Parthasarathy, chief financial officer, group CIO, evp-group, evp-group and a & A members of Mahindra & Mahindra Ltd, "the current rating upgrade reaffirms and exemplifies the operational and financial excellence of the group. We will strive to protect this highest rating by striving to achieve sustained leadership in all our businesses“

In addition, since the group's automobile branch was recently launched in 2011, the group's automobile branch has retail more than 100000 units of xuv500. 1,00000 SUVs were sold on Tuesday alone, about 33 months after sales began. Although the milestone of 50000 units was achieved in January last year.

All variants of XUV 500, house has a powerful 2.2-liter four cylinder diesel engine, which can develop the maximum power output of 140 BHPS at a peak torque of 330 nm. The engine is fitted to a six speed manual transmission. XUV 500 is available at the front and in all wheel drive options. In order to further improve the sales of XUV 500, the automobile manufacturer launched the entry-level W4 model of INR 10.95 lakhs (New Delhi held in New Delhi) last year.