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E-mail ID will not be published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

  • Sebi must not exempt listed SMEs from its mandatory disclosure norms

    The Securities and Exchange Board of India (Sebi) has amended clause 49 of the listing agreement, which lays down the obligation of companies toward t

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

Arun Nigavekar

Skills education can boost industry

India’s manufacturing industry matters a great deal for the economic ...

Rajgopal Nidamboor

How synchronous empathy helps us

All of us are in an undulating ‘hypnotic’ state. A ...

Gautam Gupta

In fashion, why quality must exceed quantity

Every time there’s a fashion week in India, my friends, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture