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| Image Credit: Force Motors |
Force Motors reported that total auto production in November 2021 was 1,135 units, down 20% year over year and 44% month over month.
During the period under review, the company sold 772 units (down 7% year over year and 34% month over month) and exported 362 units (up 21% year over year but down 36% month over month).
Yesterday, after market hours, the news was made.
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Force Motors specialises in the production of light commercial and utility vehicles, as well as engines. It is a car corporation that specialises in the design, development, and production of a variety of automotive components, aggregates, and automobiles.
In the quarter ended September 2021, the company recorded a consolidated net loss of Rs 1.07 crore, compared to a net profit of Rs 14.03 crore in the preceding quarter ended September 2020. In Q2 FY22, net sales increased 35.01 per cent year on year to Rs 937.74 crore.
On the BSE, the stock fell 0.23 per cent to Rs 1279.65.
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