Business Update29 Mar 2024, 08:51 pm
Force MotorsLimited to Close Agricultural Tractors Business by March 31, 2024
AI Summary
In compliance with SEBI Listing Regulations, Force Motors Limited has announced the closure of its division dealing in the manufacture and sale of Agricultural Tractors, effective from March 31, 2024. The decision is part of the company's product rationalization programme, as it focuses on its core segments such as Shared Mobility Transportation, Last Mile Mobility, goods and transportation, manufacturing of High Technology Critical Aggregates for Premium Luxury OEMs, and creation of Special Vehicles for Civil and Defence applications.
Key Highlights
- Force Motors Limited to close Agricultural Tractors Business
- Effective from March 31, 2024
- Part of product rationalization programme
- Focus on core segments: Shared Mobility Transportation, Last Mile Mobility, goods and transportation, manufacturing, and creation of Special Vehicles for Civil and Defence applications