Force Motors eyes 20% mkt share in off-road vehicle segment
Aug 10 2014 , Panaji
The Pune-based firm, which plans to start selling the vehicle next month in the country, has already started exporting it to various markets.
"The market for the niche segment in which Gurkha falls is around 12,000 units per annum. I would be happy to achieve 20% of this market in the first year of launch," Force Motors Managing Director Prasan Firodia told PTI.
The company plans to utilise both its passenger vehicles and commercial vehicle sales network to market the off-roader model in the country.
"We would first focus on launching it through our passenger vehicle sales network and later would also utilise the commercial vehicle network as it is spread across the country," Firodia said.
The passenger vehicle network of the company is small at around 25 dealerships while the commercial vehicle network stands at around 200 point of sales.
The vehicle, which is being produced at the company's Pithampur plant, is already being shipped out to various markets in Africa.
"We are exporting it (Gurkha) since last two months. We are witnessing strong interest for the vehicle in the African markets," Firodia said.
When asked about the company's tractor vertical, Firodia said the division has been growing robustly at over 60% year-on-year for the last three years.
"We are focusing on seven states at the moment. We are aggressively looking to expand the network in these states. Once we are able to have sizable presence in these states, we would spread in rest of the country as well," Firodia said.
The seven states include Maharashtra, Madhya Pradesh, Uttar Pradesh, Bihar and Chattisgarh, he added.
The company produces tractors at its Pune facility in the range of 25 to 55 HP, the installed capacity of the tractor plant being at 15,000 units per annum on a single shift basis.
Force Motors sells a range of vehicles, including small commercial vehicles, multi-utility vehicles (MUVs), light commercial vehicles, sports utility vehicles (SUVs) and agricultural tractors.