India, March 12 -- The agency has also affirmed the company's short-term rating at '[ICRA]A1+'.

ICRA said that the rating action for Uno Minda (UML) continues to factor in the steady operational performance of the company, aided by its established market position in the Indian automotive component sector, well diversified business profile across product categories and vehicle segments, and strong technological collaborations that support future business prospects.

During FY2026, UML has maintained healthy growth momentum, with 9M FY2026 revenues increasing around 17% YoY and the company delivering its highest-ever quarterly revenue in Q3 FY2026.

Growth has remained broad based across switching, lighting, casting, seating, acoustics and...