Wheels India Ltd. receives rating upgrades from ICRA Limited across multiple debt instruments

Wheels India Ltd announced, via communication to the National Stock Exchange of India Limited and BSE Limited on October 24, 2026, that it received a rating upgradation letter dated October 23, 2026, from ICRA Limited, concerning several instruments. Specifically, ICRA Limited upgraded the ratings for Long Term - Fixed Deposits to [ICRA]A+ (Stable) from [ICRA]A (Stable), Long Term – Fund Based – Term Loans to [ICRA]A+ (Stable) from [ICRA]A (Stable), Long Term/ short term – Fund Based to [ICRA]A+ (Stable)/[ICRA]A1 from [ICRA]A (Stable)/[ICRA]A2+, and Long Term/ short term – Unallocated to [ICRA]A+ (Stable) from [ICRA]A (Stable), and Short Term – Non-Fund Based to [ICRA]A1 from [ICRA]A2+.