ICRA reviewed the credit rating assigned to Jamna Auto Industries and reaffirmed the long-term rating at [ICRA] AA- and the short-term rating at [ICRA] A1+. Credit rating assigned to commercial paper is reaffirmed at [ICRA] A1+.
Jamna Auto Industries is the largest manufacturer of tapered leaf and parabolic springs for commercial vehicles in India. The company is fast expanding its presence in new-generation products like air suspension and lift axle.
