Force Motors eyes 20% mkt share in off-road vehicle segment

Tags: Companies
Force Motors is eyeing 20% market share in the niche off-road vehicle segment as it aims to sell around 2,400 units of its soon to be introduced off-road vehicle Gurkha in the first year of launch.

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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Faith is the opium of the masses, so Indians get addicted

    India is a nation of 1.27 billion. Let that number sink in, with all its zeroes. That’s a lot of people.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture