MoneyWorks4Me

Force Motors to invest Rs 1,000 crore in next 2-3 years

29 Oct 2012 Evaluate

Force Motors has decided to spend Rs 1,000 crore in the next 2-3 years for introducing new models as well as ramping up production. It is planning to set up a new plant at Pithampur in the coming financial year, taking the overall capacity to 80,000 vehicles. The company has launched its mid-size bus, the 26-seater Traveller, recently.

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 440.95
Ashok Leyland 159.00
Force Motors 17350.00
Olectra Greentech 1207.90
SML Mahindra 6824.10
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