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Force Motors starts developing multi-purpose vehicle

31 Oct 2012 Evaluate

Force Motors, country’s automobile manufacturer in association with German-based auto-major Daimler AG, has started developing a high-end multi-purpose vehicle (MPV) as part of its Rs 1,000 crore investment plans.  The company plans to set up a new assembly line for manufacturing the high-end MPV, at its manufacturing facility in Pithampur, Madhya Pradesh.

The new vehicle will be a high-end low passenger carrying multi-purpose van. The company will be buying technologies from Daimler. Currently Force Motors has tie-up with Mercedes for sourcing engines for its range of products.

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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