Force Motors to exit tractor business by fiscal year end

Force Motors explained that this decision is part of its product rationalisation programme, aiming to focus primarily on core segments.

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 The company's board of directors decided to cease the line of business related to the manufacture and dealing of agricultural tractors. 

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The company to focus primarily on core segments such as shared mobility transportation, last-mile mobility, goods transportation, and creating special vehicles for civil and defence applications.

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Sales of agricultural tractors contributed Rs 182.53 crore to the total revenue for the year ended March 31, 2023, accounting for 3.66% of the company's total revenue for the financial year.

Source: Pexels