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Force Motors Ltd. (FML) recently announced its performance for the quarter ended June 30, 2021. Following are the key highlights.

Other Updates : During Q1 FY22, the company sold 2,880 Small Commercial Vehicles (SCVs) and Light Commercial Vehicles (LCVs) and 1,786 Utility Vehicles (UVs), Special Utility Vehicles (SUVs) & Tractors.

Further, during the month of July, 2021, the company sold 986 SCVs and LCVs and 834 UVs, SUVs, and Tractors as against 559 SCVs and LCVs and 570 UVs, SUVs and Tractors in July, 2020.

According to the Press Release, FML continued to consolidate its leadership position in the Large Vans segment. It witnessed growth on the back of bulk purchases of its Ambulance range made by various state governments, hospitals and service providers to enhance the healthcare infrastructure. The new Trax Ambulance was well received and is establishing itself as the “best value for money” patient transport ambulance on account of its rugged build and all terrain capability.

The Management stated that “The pandemic severely impacted our key segments like tour and travel, staff transport and school bus which have still not revived. We salvaged the situation by quickly responding to the urgent need of strengthening the healthcare infrastructure in the country. Despite restrictions imposed by the lockdown, we ramped up our ambulance production capacity five-fold and executed multiple triple-digit requirements from order to delivery in less than a week. We also initiated actions to acquire a broader consumer base and increase our reach through various digital platforms. These efforts made in the previous quarters have yielded positive results”.

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