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| ManForce Motor plans to sell 4,200 units this fiscal |
| Press Trust of India / New Delhi Aug 28, 2009, 15:46 IST |
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ManForce Motor, the 50:50 joint venture between German commercial vehicle manufacturer Man AG and Force Motors, today said it aims to sell 4,200 vehicles this fiscal and expects the breakeven in the next fiscal.
"In last two years we have sold 2,000 units but this year the plan is to sell 4,200 units on the back of broadened portfolio," Force Motor Chairman Abhay Firodia told reporters on the sidelines of the SIAM annual convention here.
On breakeven target for the JV, Firodia said the company should turn around in the next fiscal (2010-11).
Asked about the reason for expected spurt in sales this fiscal, Firodia said the product portfolio have been aligned to suit India's market and other technical changes have been done to cater to Indian condition.
"Based on these we expect sales to grow rapidly," he said.
Of the total production, about 1,200 units is expected to be exported to countries like Africa, Middle East, Russia and China.
Recently both the companies restructured their investment pattern owing to which Man's share in the JV increased to 50 per cent from the earlier level of 30 per cent.
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