Force Gurkha 5-door Looks Production Ready In These Spy Shots; Launch...
- Feb 21, 2024
- Views : 5435
The plan is to sell 4,000 SUVs in the first year of operations, told Managing Director Prasan Firodia. "Our core business remains commercial vehicles, that is our bread and butter. This is another vertical being created as the market is growing," Firodia said.
He sees long term potential in the segment though economic factors are not showing very positive indications at present. "Growth in the automotive industry is going to be tremendous. We are not looking at this segment for short-term gains," Firodia said.
India's auto sales in 2010 had grown at a breakneck pace of 30 percent, but are showing signs of a slowdown as consistently rising interest rates are forcing the middle class to tighten their purse strings.
Car sales rose 7 percent in May, their slowest pace in two years, while sales of commercial vehicles such as trucks and buses rose 16.16 percent from a year earlier. Force Motors, known for its light commercial vehicles brand Tempo, Matador and Traveller, has already invested about 1.5 billion rupees, over the last 12-18 months, in its plant to manufacture SUVs in Pithampur, Madhya Pradesh.
Force Gurkha 5-door Looks Production Ready In These Spy Shots; Launch...
Force Gurkha 5-door: 5 Things To Expect Ahead Of Launch
Force Gurkha 5-door Teased, Will Take On The Upcoming Mahindra Thar...
Force Gurkha 5-door Spotted: Fresh Interior Details Revealed
Maruti Suzuki Rock N Road: Redefining the SUV Experience
10 Lucky People To Win Gift Hampers With Maruti Suzuki Celerio Lucky...
Bosch Car Service: Your Trusted One-stop Destination for Car...
2024 Mahindra XUV300 Facelift Looks Production Ready In This Spy Shot
3 New Major Design Details Mahindra XUV 3XO Will Pack Over...
You Can Now Name Skoda India’s Upcoming Sub-4 Metre SUV
India's largest automotive community