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Entity-Specific Rating Rationales

11 Feb 2026

Jubilant Motorworks Private Limited: Ratings upgraded to [ICRA]A-/ [ICRA]A2+ and outlook revised to Stable from Negative

Jubilant Motorworks Private Limited: Ratings upgraded to [ICRA]A-/ [ICRA]A2+ and outlook revised to Stable from Negative

27 Mar 2025

Jubilant Motorworks Private Limited: Ratings downgraded to [ICRA]BBB+/ [ICRA]A2 and outlook revised to Negative from Stable; rated amount enhanced

Jubilant Motorworks Private Limited: Ratings downgraded to [ICRA]BBB+/ [ICRA]A2 and outlook revised to Negative from Stable; rated amount enhanced

04 Dec 2024

Jubilant Motorworks Private Limited: Update on material event

Jubilant Motorworks Private Limited: Update on material event

07 Dec 2023

Jubilant Motorworks Private Limited: Ratings reaffirmed; Rated amount enhanced

Jubilant Motorworks Private Limited: Ratings reaffirmed; Rated amount enhanced

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Entity-Specific Credit Perspective Reports

06 Mar 2026

Jubilant Motorworks Private Limited

Jubilant Motorworks Private Limited (Non-SF)

08 Jan 2024

Jubilant Motorworks Private Limited

Jubilant Motorworks Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund-based – Cash Credit/Overdraft -- -- [ICRA]A-(Stable) --
Fund Based Limits-Inventory Funding [ICRA]A2+ -- -- --
Non-fund based Limits: Bank Guarantee [ICRA]A2+ -- -- --
Long-term fund-based Term Loan -- -- [ICRA]A-(Stable) --
Long-term / Short-term - Unallocated [ICRA]A2+ -- [ICRA]A-(Stable) --

Our Analysts

Analyst 1

Viren Jhunjhunwala

Analyst 2

Sakshi Suneja

Sector Head

Jitin Makkar
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