Company updateBusinessLine
Force Motors bets 3000 crore on vans EVs
Positive+9
GreyOak summary
Force Motors plans to invest 3000 crore over three years to expand its Traveller and Urbania van business and develop electric and hybrid vehicles. The company aims to increase annual production capacity to 80,000 units, funded by internal accruals. While domestic sales rebounded with a 48.9% rise in registrations, exports fell 34.8% due to disruptions in West Asia.
What it affects
- FORCE MOTORSFORCEMOTPositive +9
Investing 3000 crore in vans and EVs.Rolling sentiment Positive +20
Source
Read the original at BusinessLineMore FORCE MOTORS news
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