Force Motors on Saturday, 4 April 2020, said its production slipped 55.16% to 1,198 units in March 2020 as against 2,672 units in March 2019.
Domestic sales tumbled 80.87% to 772 units during March 2020 as against 4,036 units in March 2019. Exports rose 29.62% to 105 units in March 2020 from 81 units in March 2019.On a month-on-month (M-o-M) basis, Force Motors production fell 35.72% to 1,198 units in March 2020 as against 1,864 units in February 2020. Domestic sales slumped 61.40% to 772 units during March 2020 from 2,000 units in February 2020. Exports dropped 10.25% to 105 units in March 2020 over 117 units in February 2020.
Force Motors' consolidated net profit soared 21.29% to Rs 33.16 crore on a 5.51% increase in net sales to Rs 869.01 crore in Q3 December 2019 over Q3 December 2018.
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.
Shares of Force Motors declined 1.42% to Rs 713.30 on Friday, 3 April 2020.
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