Force Motors, manufacturer of a range of commercial vehicles in the Indian market, is looking forward to invest heavily in its India operations. The company has said that it plans to invest Rs 1,000 crore for the development of new models. The investment will be done over a period of next two years. The company has recently inaugurated a new outlet in Hyderabad for its recently launched sports utility vehicle Force One.
While speaking to the reporters in Hyderabad on the occasion of the inauguration of the new outlet in Hyderabad, company’s Managing Director Prasan Firodia said that Force India plans to invest a sum of over 1000 crore in the Indian market over the period of next two year for the development of new products. He added that the firm is looking forward to register a turnover of Rs 3,000 crore in the current financial year.
At present, Force Motors has manufacturing capacity of 1, 00,000 units at its Madhya Pradesh based plant. The latest SUV of the firm – Force One – comes powered by a 2.2L engine (which is manufactured under license of Germany based Daimler AG), which is capable of delivering a peak power of 141 Ps (104 Kw) @ 3800 RPM, along with a peak torque of 321Nm @ 1600-2400rpm. The SUV is competing with the likes of Tata Safari and Mahindra Scorpio.
