- Wealth PMS
The manufacture of Light Commercial Vehicles, Small Commercial Vehicles, Utility Vehicles, Agricultural Tractors & other products such as Diesel Engines.
The sales for October 2016 stood at 2,935 units against 3,194 units resulting in a drop of 8.11%. YTD Sales stood at 19,485 units against 18,073 units – a growth of 7.81% or 1,412 units.
Force Motors generated Rs. 166 crore, realizing an avg. of Rs. 5.66 lakh per unit (down from Rs. 5.72 lakh per unit during the previous month).
During the month, Force Motors also reported a 12% growth in operational revenue translating into a profit of Rs. 50.28 crore from Rs. 42.71 crore for the same quarter of the previous year. The company’s plant that makes engines for BMW now has a new line in place to build the more powerful petrol motors.
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