Force Motors plans to set up engine plant in TN

Automobile manufacturer Force Motors Ltd has proposed setting up a manufacturing facility at Chengalpet in Tamil Nadu to manufacture engines and other components, the company said today.

A decision to this effect was taken at the company's board meeting which was held in Pune.

"...The Board of Directors of the Company at its meeting held on April 29, has decided and approved, subject to receipt of necessary permissions, approvals, sanctions, to establish a manufacturing facility at Village Anjur, Chengalpet, Kancheepuram, Tamil Nadu to manufacture and assemble engine-gearbox for automobiles", the company said in a filing to stock exchanges.

"...The decision was subject to receipt of necessary approvals from the Statutory authorities and subject to the contracts with other contracting parties", it said.

Force Motors manufactures a range of small commercial vehicles, light commercial vehicles, multi-utility vehicles, sports utility vehicles and tractors.

Shares of the company were trading at Rs 386 apiece up by 1.07 per cent over previous close in the afternoon trade at the BSE.

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E-mail ID will not be published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

  • If the first 17 editions of Saarc were tragedies, Kathmandu was a sham

    Rarely has a regional grouping such as the South Asian Association of Regional Cooperation (Saarc) promised so much and delivered so little.

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

Varun Dutt

<b>Riskfactor</b>: Future in your hands

A common reference point as to why people believe the ...

Zehra Naqvi

Being unrealistic can be good for you

Depression is a term that most people use very casually ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture