FORCE MOTORS LTD — Important, 03-01-2025: Monthly Business Updates

Sales data for December 2024 shows a notable decline for Force Motors Limited. Domestic sales of Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV) reached 1,985 units, an 8.06% decrease from 2,159 units in December 2023. Export sales in the same categories plummeted by 84.35%, falling to just 51 units from 326 units year-over-year. Overall, total sales, including domestic and export, decreased by 18.07% to 2,036 units compared to 2,485 units the previous year. The company has also officially discontinued its tractor business as of March 31, 2024. This decline in both domestic and export sales may indicate challenges in market demand and competitive positioning, warranting close monitoring for potential impacts on operational performance and future growth.