MMM's ratings factor in the established presence and the strong relationship of its sponsors, Magneti Marelli SpA (part of the FIAT group) and Samvardhna Motherson Finance Limited (part of Samvardhana Motherson Group), with original equipment manufacturers in the international and domestic automotive industry. Fitch believes the management, technical and financial support from the sponsors, backed by their extensive experience and relationships, has helped MMM in obtaining orders in its ...
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