FORCE MOTORS Share price

The Company was incorporated as a Private Limited Company on 8th September 1958 by Mr. N.K. Firodia and others. Since the inception of the Company the Company''s foreign collaborators held substantial part of the equity capital. The Company started manufacturing activity in May 1959. It became a Public Limited Company w.e.f. 12th May 1961 and made a Public Issue in the year 1964.Mr. N.K. Firodia was the Managing Director of the Company from 20th October 1958 to 23rd July 1975. Late Mr. H.K. Firodia brother of Mr. N.K. Firodia was the Managing Director from 24th July 1975 to 30th June 1987. Mr. Abhay Firodia was appointed as a Director of the Company in the year 1975 and is the Managing Director of the Company w.e.f. 1st July 1987. He was appointed as the Chairman of the Company w.e.f. 3rd May 1995.SALIENT POINTS IN HISTORY- Production of "Tempo Hanseat" 3-wheelers including Autorickshaw at factory in Goregaon Bombay in 1958 in collaboration with M/s. Vidal & Sohn Tempo Werke GmbH Germany.- Setting up of Akurdi Pune factory and production of "Viking" 4-wheeled Light Commercial Vehicle in addition to Hanseat 3-wheelers in 1967 in collaboration with M/s. Rheinstahl Hanomag AG Germany.- Industrialisation of "D-301 E2 Engine" at Akurdi in 1972 in collaboration with M/s. Hanomag Henschel Fahrzeugwerke GmbH Germany.- Industrialisation of "OM 616 Engine" at Akurdi in 1981 in collaboration with M/s. Daimler Benz AG Germany.- Industrialisation of "Tempo Traveller" at new plant at Pithampur District Dhar Madhya Pradesh (a no-industry district) in 1987 in collaboration with M/s. Daimler Benz AG Germany.- Introduction of "Tempo Trax" in 1987. A product of Company''s own research and development efforts.- Introduction of "Minidor" 3-Wheeled Autorickshaw and Pick-up in 1995. Products developed by Company''s own research and development efforts.