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Force Motors' production, sales declined in December 2020

Force Motors production, sales declined in December 2020
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Force Motors' production, sales declined in December 2020

Highlights

Force Motors has reported its production and sales data for December 2020.

Force Motors has reported its production and sales data for December 2020. The company's production dropped 47.1 per cent to 1,258 units in December 2020 against 2,379 units produced in December 2019.

Total sales tanked 60.6 per cent to 1,084 units in December 2020 against 2,747 units sold in December 2019. Sequentially, total production fell 16.46% in November 2020 compared with 1,707 units in October 2020. Domestic sales fell 3.9 per cent to 1,084 units in December 2020 as against 1,128 units reported in November 2020.

Domestic sales dropped 68.7 per cent on year-on-year (YoY) basis to 787 units against 2,517 units sold last year in the same month.

However, the export sales grew 29.1 per cent to 297 units in December 2020 against 230 units sold in December 2019.

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.

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