Force Motors 1,000 Crore Investment For India

Published: Friday, November 25, 2011, 11:44 [IST]

Force Motors, the leading Indian commercial vehicle manufacturer and the builder of the Force One premium SUV has announced plans to invest a whopping Rs.1000 crores in India in the next two years. This huge investment will be utilized for new product development.

Force Motors Managing Director Prasan Firodia who inaugurated Force Motors' new showroom in Hyderabad spoke about the company's investment plans. The investment will mean we will see stable mates to the recently launched Force One. The Force One is the company's only passenger vehicle.

Force Motors has announced it will be selling its stake in its joint venture with Germany's Man Trucks for a reported 150 million pounds or Rs.950 crores. The company has a bus and truck building venture with Man. Man Trucks will takeover this operation in some time.

Force Motors by this deal has clearly indicated its interest in passenger vehicles and light commercial vehicles. It has a manufacturing plant at Madhya Pradesh that has a capacity to build one lakh vehicles. It is rolling out the Force One from here and the SUV will soon hit showrooms across the country,

Article Published On: Wednesday, November 23, 2011, 12:56 [IST]

More from DriveSpark