CRISIL Revises Lumax Auto Technologies' Long-Term Rating Outlook to Positive

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.

Bank-wise Details of Various Facility Classes (Outstanding Facilities)S.No.Bank FacilityBankAmount (₹ in Crore)

Outstanding Rating

1Cash CreditCitibank N. A.10

Crisil AA-/Positive2Cash CreditICICI Bank Limited50

Crisil AA-/Positive3Cash CreditHDFC Bank Limited10

Crisil AA-/Positive4Cash CreditYES Bank Limited20

Crisil AA-/Positive5Long Term Bank FacilityKotak Mahindra Investments Limited50

Crisil AA-/Positive6Long Term Bank FacilityKotak Mahindra Bank Limited75

Crisil AA-/Positive7Non-Fund Based LimitHDFC Bank Limited15

Crisil AA-/Positive8Proposed Long Term Bank Loan Facility--62

Crisil AA-/Positive9Working Capital Demand LoanKotak Mahindra Bank Limited30

Crisil AA-/Positive10Working Capital Demand LoanCTBC Bank Co Limited10

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.