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Force Motors aims to invest around Rs 20 billion in 3-4 yrs
The Business Guardian
|February 06, 2024
Automaker Force Motors plans to invest around Rs 2,000 crore in the next three to four years on various activities including sustainability drive and electric vehicle development, according to the company’s Managing Director Prasan Firodia.
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The company, which sells a range of commercial and utility vehicles, is looking to bring electric versions of its vans’ ranges step by step going forward.
“At a company level we are looking at about Rs 2,000 crore investment over the next three to four years,” Firodia told the media in an interview.
He was responding to a query on the company’s overall investment plans.
“The investment will be across conventional engines, EVs, upgrading further engineering facilities, creating a more sustainable environment. It is across the board and across the value chain,” Firodia added.
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