Page 4 - Force Motors

Force Motors opens Rs 100-cr plant for Mercedes

Plans additional investment of Rs 100 cr for BS-VI upgrade

Force Motors opens Rs 100 cr facility in Pune

The plant is dedicated to the production of engines and axles for all Mercedes Cars and SUVs made in India

Force Motors upbeat over FY16 results

In fiscal 2016, the company posted a growth of 77% in net profit that stood at Rs 179.6 cr compared with Rs 101.4 cr in fiscal 2015

Force Motors to invest Rs 300 cr for expansion in FY17

After a better than expected FY16, company targeting 15-20% growth for FY17

Force Motors Q4 net up 59% at Rs 74 cr

Net sales of the company increased by 30%

Force Motors Q4 net profit rises 59% at Rs 74 cr

Net sales during the period under review stood at Rs 903.4 crore

Force Motors gains on strong Q4 results

The stock moved higher by 3% to Rs 3,510, bouncing back 4.5% from intra-day low on the BSE.