Force Motors, the Pune-based maker of a range of commercial vehicles, will invest Rs 1,000 crore over the next two years to increase its manufacturing footprint and launch at least two vehicles including the ‘SUV Force One' due to be unveiled later this month. The company is at present in talks with the Madhya Pradesh Government for incentives to set up a new manufacturing plant for an all-new MPV due to be launched in late 2012. The installed capacity of the new line will be 12,000 units per annum that can be expanded to 24,000 units.
Force Motors is also looking at expanding its current range of tractors ranging from 25-60 HP that are made at its Akurdi plant. The proposed Rs 1000 crore investment will go to scale up its tractor manufacturing capability from 4,000 units to 24,000 units per annum.crackcrack
Company Name | CMP |
---|---|
Tata Motors | 994.45 |
Ashok Leyland | 178.05 |
Force Motors | 9849.75 |
Olectra Greentech | 1795.00 |
Tata Motors - DVR | 667.55 |
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