Force Motors announced that the vehicle maker has registered 13.88% increase in domestic sales to 2,412 units in May 2024 as against 2,118 units sold in May 2023.
As compared with April 2024, the domestic sales rose 6.34% from 2,268 units in May 2024.Export sales slipped 63.34% to 180 units in May 2024 as compared with 491 units sold in May 2023.
Total sales fell marginally on YoY basis to 2,592 units in May 2024 as against 2,609 units sold in May 2023.
Force Motors is engaged in manufacturing light commercial vehicles and utility vehicles, and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles.
The companys consolidated net profit fell 4.31% to Rs 140.29 crore on 34.95% increase in revenue from operations to Rs 2011.21 crore in Q4 FY24 over Q4 FY23.
The scrip rose 0.96% to currently trade at Rs 8,462.95 on the BSE.
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