In an interview to CNBC-TV18 after reporting its fourth quarter earnings, Firodia said the traveller products division did very well with vehicles business contributing about 70 percent to growth and balance 30 percent coming from the engines business.
Prasan Firodia, MD, Force Motors, says the van segment is seeing steady growth, while the traveller product has seen 21 percent growth in the nine months of FY16.
Talking to CNBC-TV18, Prasan Firodia, MD of Force Motors said the company has inaugurated a new plant near Chennai exclusively for assembling engines for BMW and has invested Rs 200 crore for the same.
Located at Mahindra World City, about 55 km from here, the unit is the first independent plant of BMW Group that assembles and test engines. "The investment in the Chennai plant is about Rs 200 crore and it can produce up to 20,000 units premium engines every year.
In an interview to CNBC-TV18, Prasan Firodia, managing director, Force Motors shares his views on the company‘s numbers.
Force Motors will launch their first sports utility vehicle (SUV) 'Force One' in July, marking their entry in the personal vehicles segment. The SUV is expected to be priced around Rs 13-15 lakh.