CRISIL Ratings Limited has reaffirmed the short-term and long-term credit ratings of Lumax Auto Technologies Limited, and revised the outlook on the long-term rating from 'Stable' to 'Positive'.
The long-term credit rating is CRISIL AA-, and the short-term credit rating is CRISIL A1+.
CRISIL Ratings has also reaffirmed the CRISIL A1+ rating on the ₹50 crore commercial paper of Lumax Auto Technologies Limited.
Additionally, CRISIL has provided details of the bank-wise facilities for Lumax Auto Technologies, which includes total bank loan facilities rated at ₹332 crore.
| S.No. | Bank Facility | Bank | Amount (₹ in Crore) | Outstanding Rating |
|---|---|---|---|---|
| 1 | Cash Credit | Citibank N. A. | 10 | Crisil AA-/Positive |
| 2 | Cash Credit | ICICI Bank Limited | 50 | Crisil AA-/Positive |
| 3 | Cash Credit | HDFC Bank Limited | 10 | Crisil AA-/Positive |
| 4 | Cash Credit | YES Bank Limited | 20 | Crisil AA-/Positive |
| 5 | Long Term Bank Facility | Kotak Mahindra Investments Limited | 50 | Crisil AA-/Positive |
| 6 | Long Term Bank Facility | Kotak Mahindra Bank Limited | 75 | Crisil AA-/Positive |
| 7 | Non-Fund Based Limit | HDFC Bank Limited | 15 | Crisil AA-/Positive |
| 8 | Proposed Long Term Bank Loan Facility | -- | 62 | Crisil AA-/Positive |
| 9 | Working Capital Demand Loan | Kotak Mahindra Bank Limited | 30 | Crisil AA-/Positive |
| 10 | Working Capital Demand Loan | CTBC Bank Co Limited | 10 | Crisil A1+ |
| Total | 332 |
Lumax Auto Technologies Limited has also announced that the credit rating letters dated September 04, 2025, issued by CRISIL Ratings Limited, are enclosed with this disclosure.
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