Force Motors Limited at its board meeting held on March 29, 2024, the board of directors of the company decided to close the line of business of the Company, consisting of manufacture and dealing in Agricultural Tractors and connected activity with effect from close of the current financial year that is 2023-2024. Reasons for closure: The company has, under its product rationalization programme, decided to focus mainly on its core segments such as Shared Mobility Transportation, Last Mile Mobility, goods and transportation, manufacturing of High Technology Critical Aggregates for Premium Luxury OEM's and creation of Special Vehicles for Civil and Defence applications and a decision has been taken to exit the Tractor Business from the product portfolio of the Company. Date of closure or estimated time of closure is March 31, 2024.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
9,301 INR | +1.08% | -2.25% | +156.96% |
04-26 | India's Force Motors Q4 profit slips on higher costs | RE |
04-26 | Force Motors Limited Recommends Dividend for the Financial Year Ended 31 March 2024 | CI |
1st Jan change | Capi. | |
---|---|---|
+156.96% | 1.52B | |
+37.12% | 313B | |
+3.39% | 70B | |
+5.59% | 68.81B | |
+18.86% | 55.84B | |
+26.06% | 51.39B | |
-0.16% | 49.9B | |
+26.26% | 44.6B | |
+18.92% | 38.69B | |
+25.48% | 29.68B |
- Stock Market
- Equities
- FORCEMOT Stock
- News Force Motors Limited
- Force Motors Limited Decides to Close Line of Business, Consisting of Manufacture and Dealing in Agricultural Tractors and Connected Activity, Effective March 31, 2024