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Force Motors to invest Rs 1,000 crore for products development

07 Sep 2012 Evaluate

In a bid to develop new products and capacity expansion, Force Motors is planning to invest Rs 1,000 crore in the coming three years.

Further, the company later this week will launch passenger carrier van, Traveller 26. The vehicle was showcased at the Auto Expo earlier this year. At present, the company rolls out light commercial vehicles, utility vehicles, tractors and diesel engines from two plants located at Akurdi in Maharashtra and Pithampur in Madhya Pradesh, which has an annual capacity of about one lakh units.

Force Motors is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Peers
Company Name CMP
Tata Motors 421.30
Ashok Leyland 148.95
Force Motors 17681.00
Olectra Greentech 1065.40
SML Mahindra 6123.40
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