IGI Logo

Force Motors is currently trading at Rs. 1525.45, up by 18.35 points or 1.22% from its previous closing of Rs. 1507.10 on the BSE.

The scrip opened at Rs. 1514.00 and has touched a high and low of Rs. 1551.00 and Rs. 1514.00 respectively. So far 4938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1590.00 on 15-Nov-2022 and a 52 week low of Rs. 918.85 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1584.00 and Rs. 1471.30 respectively. The current market cap of the company is Rs. 2012.02 crore.

The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 4.75% and 33.61% respectively.

Force Motors has commenced the production of its next-generation shared mobility platform Urbania, developed at an investment of Rs 1,000 crore. The company showcased the new shared mobility platform, then code-named T1N, at the Auto Expo in 2020. However, its launch was postponed due to the pandemic. Force Motors has now named the platform Urbania. Serial production of the vehicle has now commenced at the new manufacturing facilities created for this platform.

The first lot of vehicles will be shipped to dealerships in the coming fortnight. The Urbania is the first vehicle in this category in the country, offering crash and rollover compliance with airbags for driver and co-driver. The vehicle will be powered by Mercedes-derived 115 hp, BS-VI-compliant and common rail diesel engine. In addition, Urbania comes with large ventilated disc brakes on all four wheels with electronic stability control technology, an anti-lock braking system, and electronic brakeforce distribution, among others.

Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.