Limited registered a sales growth of 172% in the domestic market and 243% in
exports from April to July 2021. The company sold (domestic plus exports) 6,486
units in April to July 2021 as compared to 2,311 units sold in the first four
months of the previous year.
EBITDA for the
quarter ended June 30, 2021, stood at Rs 510 million as against Rs 440 million
for the quarter ended June 30, 2020, indicating a growth of 214%.
continued to consolidate its leadership position in the Large Vans segment. It
witnessed growth due to bulk purchases of its Ambulance range.
Managing Director, Force Motors Ltd, said, “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 responding to the urgent need of
strengthening the healthcare infrastructure. Despite restrictions imposed, 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”.
Source – Force Motors Press Release
Image Source: Force Motors Website