The company produced 879 automobiles in June 2020 compared with 26 units in May 2020.
The total production is down 59.2% in June 2020 compared with 2,153 units produced in the same month last year.
The company's domestic sales in June 2020 stood at 726 units as against 256 units sold in May 2020. Annually, the domestic auto sales are down 66% from 2,133 units sold in June 2019.
There were no exports in May 2020. The company exported 134 units in June 2020, up 74% from 77 units in June 2019.
Force Motors is engaged in manufacturing light commercial vehicles and utility vehicles, and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles.
The automaker's consolidated net profit slumped 83.5% to Rs 6.06 crore on a 38.4% fall in net sales to Rs 653.78 crore in Q4 FY20 over Q4 FY19.
The scrip rose 0.06% to Rs 965.75. It has traded in the range of Rs 956 and Rs 986.70 during the day.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app