Latest news with #ForceMotorsLtd
Business Upturn
2 days ago
- Automotive
- Business Upturn
Force Motors shares rise nearly 2% after top-level reshuffle in leadership team
By Aditya Bhagchandani Published on June 10, 2025, 09:29 IST Shares of Force Motors Ltd surged 1.96% to ₹12,400.00 in early trade on Tuesday, reacting positively to a key leadership reshuffle announced by the company. The stock had previously closed at ₹12,162.00 and hit a high of ₹12,530.00 in the morning session. In a regulatory filing, Force Motors informed that Mr. Sanjay Kumar Bohra has resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from the close of business hours on June 9, 2025. The board appreciated Mr. Bohra's contributions during his tenure. In a swift move, the company announced the appointment of Mr. Rishi Luharuka as the new Group CFO and KMP, effective June 10, 2025. Luharuka, a Chartered Accountant and CFA by qualification, is an alumnus of the Oxford Advanced Management Leadership Program and brings over 23 years of experience in automotive components, mining, construction, and garment sectors. Additionally, Ananya Bhattacharjee has joined the company as the Senior Divisional Manager for Corporate Communications, strengthening the leadership team further. Interestingly, the board meeting that finalized these decisions was concluded in under 15 minutes, reflecting the urgency and clarity of the transition. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
05-06-2025
- Automotive
- Business Upturn
Force Motors shares rise nearly 4% after May auto sales increase 19.1% to 3,088 units
By Aditya Bhagchandani Published on June 5, 2025, 09:27 IST Shares of Force Motors Ltd surged 3.71% to ₹12,790 in early trade on June 5, following the company's release of robust monthly sales data for May 2025. The stock opened higher and touched an intraday high of ₹12,800, up from the previous close of ₹12,333. The company's market cap stood at ₹168.24 billion. In its exchange filing, Force Motors reported a 24.46% year-on-year growth in domestic sales for Small Commercial Vehicles (SCVs), Light Commercial Vehicles (LCVs), Utility Vehicles (UVs), and Sports Utility Vehicles (SUVs), with 3,002 units sold in May 2025 compared to 2,412 units in May 2024. However, the export numbers saw a sharp decline, with only 86 units shipped in May 2025 compared to 180 units in the same month last year—a 52.22% drop. Despite the weak export figures, the company's overall (domestic plus export) vehicle sales stood at 3,088 units in May 2025, registering a 19.14% year-on-year growth. Investors appeared to cheer the strong domestic performance, especially in the commercial and utility vehicle segments, as reflected in the stock's early momentum. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
