Force Motors inaugurates 100 cr facility in Chakan

Force Motors inaugurated on Wednesday a brand new facility in Chakan - Pune , committing a 100 crore investment, to supply engines and axles to luxury car maker Mercedes-Benz India. Environment Minister, Prakash Javadekar, inaugurated the plant dedicated to the production of engines and axles for all Mercedes cars and SUVs made in India. 

Force Motors has been a preferred partner of Mercedes Benz  for producing all of its engines for its cars and SUV's made in India since 1997. The new plant will help Force Motors cater to flexible demand and is spread over 1,30,000 sq ft with eight lines that produce and test up to 14 engine variants. 

The new plant which absorbs Rs 100 crore will be part of Rs 7000 crore capex plan to be executed over two years across its value chain for multiple products and business verticals. 

Force Motors inaugurated a plant in Chennai last year that produces power trains for BMW- another German luxury car maker. The company expects to triple its revenue to Rs 3000 crore from current Rs 1000 crore in coming 3 years with contract manufacturing business for Mercedes Benz and BMW growing decently.

Force motors has been doing exceedingly well with more than 97 per cent delivered in over a 1 year period. However over a 6 months period the stock is down by 2.87 per cent. On Wednesday the stock is up by 1.58 per cent at 12.44 pm, trading at Rs. 2993 per share. 

Broader market is trading flat with Sensex down by 2  points at 26805 levels. 

Force motors is in the business of selling vehicles including small commercial vehicles, multi-utility vehicles, light commercial vehicles, sports utility vehicles and agricultural tractors.