Force Motors' domestic sales jump 52.5% YoY in Dec

Force Motors on Friday announced production, sales and exports figures for month of December 2019.

The auto maker's total production rose 33.20% to 2,379 units in December 2019 from 1,786 units in November 2019. The production is, however, still down by 7.72% year-on-year (YoY) compared with 2,578 units in December 2018.

Total domestic sales rose by 30.01% to 2,517 units in December 2019 from 1,936 units in November 2019. The figure was also up by 52.55% YoY from 1,650 units in December 2018.

The company's total exports in the month of December 2019 stood at 230 units, up 30.68% from 176 units in November 2019. The exports have surged 389.36% YoY from 47 units in December 2018.

Force Motors' consolidated net profit tanked 89.5% to Rs 4.19 crore on 14.1% decline in net sales to Rs 755.15 crore in Q2 September 2019 over Q2 September 2018.

Force Motors is engaged in manufacturing light commercial vehicles and utility vehicles, and engines.

On Friday, 3 January 2019, shares of Force Motors rose 1.99% to Rs 1,094.95. The stock hit a one-month high of Rs 1,131 on 26 December 2019.

Currently, the stock is trading 41.41% below its 52-week high of Rs 1,869 hit on 04 April 2019. It is 15.1% above its 52-week low of Rs 951 hit on 12 December 2019.

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