Moody's Investors Service has upgraded Tata Motors Ltd's rating from B3 to B2 firm. Since couple of years or so, Tata Motors has been in the news for various reasons. First it has dedicated its 'People's car' to the nation and the launch of the car received good response.

Then it has tackled the Jaguar Land Rover business quite well and now even working on several new projects. One of Moody's AVP/Analyst, Ivan Palacios has said that the rating upgrade is an indicator of company's improved performance.

The major auto firm has also managed to recover after a huge slaughter. It has transformed itself to a into a stronger and much improved business firm. Its financial profile has also up to the mark as per the analyst. Tata Motors has much improved liquidity now and its debt maturities have been lengthened.

So far as Jaguar Land Rover's performance is concerned, it was quite disappointing in the preceding year but since then it is recovering quite impressively. The company has grown by volumes and entered to various geographical mix of the nation.