Force Motors has acquired Veera Tanneries (VTPL) for consideration of around Rs 161.96 crore for purchase of shareholding. For the same, the company has executed a Share Purchase Agreement involving the company, VTPL and shareholders of VTPL. Pursuant to the acquisition, VTPL has become a wholly owned subsidiary of the company.
Earlier, the board of directors of the company in its meeting held on February 4, 2026 had approved the acquisition.
Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.
