Force Motors Rallies 18% After Sales More Than Double In June

Shares of economic and utility car maker - Force Motors - rose as a lot as 18 per cent to hit an intraday excessive of Rs 1,433 after its gross sales greater than doubled within the month of June. Force Motors' whole home gross sales greater than doubled to 1,501 items in contrast with sale of 726 items throughout the identical month final 12 months. Its whole manufacturing within the month of June jumped 100 per cent to 1,757 items versus 879 items in the identical interval final 12 months.

Force Motors' gross sales of small business autos (SCV) and light-weight business autos (LCV) superior to 787 items in contrast with 461 items final 12 months and gross sales of utility autos (uv), sports activities utility autos (suv) and tractors jumped to 714 items versus 265 items within the corresponding interval a 12 months in the past.

During the month of June Force Motors exported a complete of 424 items versus exports of 134 items in June final 12 months.

Force Motors' shares have to date this 12 months superior 5.27 per cent, underperforming the Sensex which has superior over 10 per cent throughout the identical interval.

Force Motors is maker of widespread business car manufacturers like Traveller, Traveller Monobus, Patient Transport Ambulance, Tractors and Sports Utility Vehicles.

As of 11:52 am, Force Motors shares have been up 17 per cent at Rs 1,422, outperforming the Sensex which was up 0.4 per cent.