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Force Motors gains after sales climb 8% MoM in Dec'24

03-Jan-25 13:06 Hrs IST

On a year-on-year basis, total sales declined 18.07% in December 2024, compared to 2,485 units sold in December 2023.

Domestic sales stood at 1,985 units in December 2024, up 14.34% MoM and down 8.06% YoY.

In December 2024, total exports stood at 51 units, reflecting a YoY drop of 84.35% and a MoM decline of 65.77%.

The company said that it has discontinued Tractor Business effective from closure of business hours on 31st March 2024.

Force Motors is engaged in manufacturing light commercial vehicles, utility vehicles, and engines. It is an automobile company with a focus on the design, development, and manufacture of a range of automotive components, aggregates and vehicles.

The company's consolidated net profit jumped 43.83% to Rs 135.02 crore on 7.75% rise in revenue from operations to Rs 1,941.33 crore in Q2 FY25 over Q2 FY24.

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