You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Force Motors announces business figures for Nov'21

Capital Market 

Force Motors said that its total auto production in November 2021 was 1,135 units, down 20% YoY and down 44% MoM.

The company recorded sales of 772 units (down 7% YoY and down 34% MoM) and exports of 362 units (up 21% YoY but down 36% MoM) during the period under review.

The announcement was made after market hours yesterday.

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 company reported a consolidated net loss of Rs 1.07 crore in the quarter ended September 2021 as against net profit of Rs 14.03 crore during the previous quarter ended September 2020. Net sales rose 35.01% YoY to Rs 937.74 crore in Q2 FY22.

The scrip shed 0.23% to end at Rs 1279.65 on the BSE.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, December 04 2021. 09:26 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU