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force motors ltd (500033) Snapshot

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force motors ltd (500033) Details

Force Motors Limited, an integrated automobile company, designs, develops, manufactures, and sells automotive components, aggregates, sub-systems, and vehicles in India. The company offers personal vehicles, small commercial vehicles, multi-utility vehicles, light commercial vehicles, sport utility vehicles, agricultural tractors, and other products, as well as diesel engines. Force Motors Limited also exports its products to various countries in the Middle East, Asia, Latin America, and Africa. The company was incorporated in 1958 and is based in Pune, India.

Founded in 1958

force motors ltd (500033) Top Compensated Officers

Managing Director, Member of Board of Managem...
Total Annual Compensation: 6.3M
Group Chief Financial Officer
Total Annual Compensation: 2.1M
Executive Director of Operations and Addition...
Total Annual Compensation: 1.6M
Compliance Officer and Company Secretary
Total Annual Compensation: 1.2M
Chairman and Member of Board of Management
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

force motors ltd (500033) Key Developments

Force Motors Ltd. Announces Production and Sales Results for the Month of June 2016

Force Motors Ltd. announced production and sales results for the month of June 2016. For the month, the company reported production of small commercial vehicles and light commercial vehicles of 1,770 units and utility vehicles and sports utility vehicles and tractors of 806 units. For the month on domestic basis, the company reported small commercial vehicles and light commercial vehicles net sales after tax of INR 1,208.291 million and utility vehicles and sports utility vehicles and tractors net sales after tax of INR 473.747 million For the month on export basis, the company reported small commercial vehicles and light commercial vehicles net sales after tax of INR 84.877 million.

Force Motors Opens New Plant At Pune

Force Motors inaugurated its brand new facility, entailing an investment of INR 1,000 million, to supply engines and axles to Mercedes-Benz India. The plant, which is dedicated to the production of engines and axles for all Mercedes cars and SUVs made in India. Force Motors has been the preferred partner for producing engines for all Mercedes Benz cars and SUVs made in India since 1997. The new plant, which is spread over 130,000 sq ft, has eight lines that produce and test up to 14 engine variants. This includes the four-cylinder gasoline and diesel engines, 6 cylinder V-type gasoline and diesel engines. It employs around 200 people and works in two shifts. Made at an investment of INR 1,000 million this plant is a part of the INR 7,000 million investment pledged by Force Motors over the next two years, across its value chain for multiple products, business verticals.

Force Motors Plans to Invest INR 3 Billion in New Facilities and Product Enhancement in Financial Year Ending March 2017

Force Motors plans to invest INR 3 billion (USD 44.7 million) in new facilities and product enhancement during the current financial year ending March 2017.

 

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