Monday, February 11, 2013

Force Motors:

  • Established in 1958.
  • Product range includes:
  • Trump – Small commercial Vehicle,
  • Trax – Multi Utility Vehicle,
  • Traveller – Light Commercial vehicle,
  • Balwan agri tractors
  • Force One  : Sports utility vehicle.
  • In 1999, entered into agreement with Daimler : to operate dedicated facility for assembling and testing engines for Mercedes passengers cars made in India.
  • In March 2012, Force sold its equity stake in JV Man Truck India Pvt ltd to partner Man Trucks & Bus AG, fetching Rs.960 Crores.
  • Completely repaid short term borrowings in FY 2012.

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