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E-mail ID will not be published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

  • Mutual fund stakeholders should focus on better returns in a bullish market

    The association of mutual fund of India (AMFI) has recently capped the commission paid to distributors of mutual fund schemes to a maximum of 1 per ce

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Today's Columns

Roopen Roy

What we can learn from Singapore

Lee Kuan Yew passed away at the age of 91 ...

Rajgopal Nidamboor

Don’t depend too much on ‘heroes’

We all have our own set of ‘heroes’ — not ...

Shona Adhikari

Anjolie Ela Menon, the storyteller, is back

Anjolie Ela Menon, one of India’s most celebrated artists, is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture