Force Motors exits tractors and connected activity business

01 Apr 2024 Evaluate

Force Motors has exited tractors and connected activity business. The Board of Directors of the Company at their meeting held on March 29, 2024 decided to close the line of business of the Company, consisting of manufacture and dealing in Agricultural Tractors and connected activity with effect from close of the Financial Year 2023-2024.

The Company has, under its product rationalization programme, decided to focus mainly on its core segments such as Shared Mobility Transportation, Last Mile Mobility, goods and transportation, manufacturing of High Technology Critical Aggregates for Premium Luxury OEM’s and creation of Special Vehicles for Civil and Defence applications and a decision has been taken to exit the Tractor Business from the product portfolio of the Company.

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.


Force Motors Share Price

6575.45 -8.00 (-0.12%)
27-Dec-2024 16:59 View Price Chart
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