Force Motors hits 52-week low on dismal sales performance in November

Domestic sales for the month stood at 1,477 units including 727 small commercial vehicles & light commercial vehicles, and the rest are utility vehicles, sports utility vehicles & tractors.

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Force Motors shares fell 1.7 percent in morning to hit a fresh 52-week low of Rs 1,650 on Wednesday after the dismal sales performance in November 2018.

The company sold 1,489 vehicles in month gone by, which was 11.7 percent higher compared to same month last year.

The Pune-based Abhay Firodia Group’s flagship company had sold 1,687 units in November 2018.

Domestic sales for the month stood at 1,477 units including 727 small commercial vehicles & light commercial vehicles, and the rest are utility vehicles, sports utility vehicles & tractors.

At 10:16 hrs Force Motors was quoting at Rs 1,658.00, down Rs 20.10, or 1.20 percent.

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