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Force Motors to invest Rs 1,000 crore in two years

23 November, 2011

Force Motors Ltd, the Pune-based maker of a range of commercial vehicles, plans to invest Rs 1,000 crore over the next two years for the development of new models.

Force Motors Managing Director Prasan Firodia told reporters in Hyderabad on Tuesday while inaugurating a showroom for its new sports utility vehicle (SUV) ‘Force One’.

The company, which has a manufacturing capacity of one lakh vehicles in Madhya Pradesh, expected an overall turnover of Rs 3,000 crore in this financial year, he said.

Talking about Force One, Firodia said that the turbo-charged heart of the SUV, the 2.2 FM tech Engine, beats faster than any other SUV in its segment.

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