Force Motors rose 1.27% to Rs 1,386.6 after the company's total auto sales surged 43% to 1,987 units in August 2021 as against 1,389 units sold in August 2020.
While the company's domestic sales increased 20.6% to 1,487 units, exports sales jumped 220.5% to 500 units in August 2021 over August 2020.Meanwhile, the company's total production increased 50% to 2,148 units in August 2021 from 1,432 units in August 2020.
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.
On a consolidated basis, the company posted a loss of Rs 4.38 crore in Q1 FY22 as compared to a loss of Rs 65.01 crore in Q1 FY21. Net sales jumped 247% to Rs 643.33 crore in Q1 FY22 over Q1 FY21.
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