In a bid to develop new models, Pune-based Force Motors is planning to invest Rs 1,000 crore in next two years. The company, which has a manufacturing capacity of one lakh vehicles in Madhya Pradesh, expected an overall turnover of Rs 3,000 crore in this financial year.
Further, the company has inaugurated a showroom for its new sports utility vehicle (SUV) Force One.
Recently, Force Motors and MAN Truck & Bus AG, Munich, Germany, the joint venture partners of MAN Force Trucks (MFT) have reached an agreement in principle to reorganize their shareholding in the equity share capital of MFT and to rearrange their relationship in respect of MFT.
