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{{short description|Indian multinational automotive | {{short description|Indian multinational automotive company}} | ||
{{Use Indian English|date=May 2019}} | {{Use Indian English|date=May 2019}} | ||
{{Use dmy dates|date=May 2019}} | {{Use dmy dates|date=May 2019}} | ||
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| traded_as = {{plainlist| | | traded_as = {{plainlist| | ||
*{{BSE|500033}} | *{{BSE|500033}} | ||
*{{NSE|FORCEMOT}} | *{{NSE|FORCEMOT}}}} | ||
| ISIN = INE451A01017 | | ISIN = INE451A01017 | ||
| industry = {{plainlist| | | industry = {{plainlist| | ||
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| hq_location_city = [[Pune]], [[Maharashtra]] | | hq_location_city = [[Pune]], [[Maharashtra]] | ||
| hq_location_country = India | | hq_location_country = India | ||
| area_served = [[World | | area_served = [[World]]wide | ||
| key_people = {{plainlist| | | key_people = {{plainlist| | ||
*Abhay Firodia {{Small|([[Chairman]])}} | *Abhay Firodia {{Small|([[Chairman]])}} | ||
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}} | }} | ||
'''Force Motors Ltd''' is an Indian [[multinational corporation|multinational]] [[automotive]] manufacturer headquartered in [[Pune]]. It is owned and managed by the Firodia Group.<ref>{{cite web|title=Force {{!}} The Force|url=http://www.forcemotors.com/the-force|website=www.forcemotors.com|access-date=2 January 2018|language=en}}</ref> From 1958 to 2004, the company was known as '''Bajaj Tempo Motors''' due to its origin as a joint venture between Bachraj Trading Ltd. and Germany's [[Tempo (company)|Tempo]].<ref name=WOC>{{cite book | title = World of Cars 2006·2007 | editor-first = Eligiusz | editor-last = Mazur | publisher = Media Connection Sp. z o.o. | location = Warsaw, Poland | page = 149 | year = 2006 | issn = 1734-2945 }}</ref> In 2005 the company was renamed as '''Force Motors'''.<ref name="WOC" /> Over the last five decades it has partnered with global manufacturers such as [[Daimler AG|Daimler]], [[ZF Friedrichshafen|ZF]], [[Robert Bosch GmbH|Bosch]], [[Volkswagen Group|VW]], [[Traton]] and [[MAN SE|MAN]]. | '''Force Motors Ltd''' is an Indian [[multinational corporation|multinational]] [[automotive]] manufacturer headquartered in [[Pune]]. It is owned and managed by the Firodia Group.<ref>{{cite web|title=Force {{!}} The Force|url=http://www.forcemotors.com/the-force|website=www.forcemotors.com|access-date=2 January 2018|language=en}}</ref> From 1958 to 2004, the company was known as '''Bajaj Tempo Motors''' due to its origin as a joint venture between Bachraj Trading Ltd. and Germany's [[Tempo (company)|Tempo]].<ref name=WOC>{{cite book | title = World of Cars 2006·2007 | editor-first = Eligiusz | editor-last = Mazur | publisher = Media Connection Sp. z o.o. | location = Warsaw, Poland | page = 149 | year = 2006 | issn = 1734-2945 }}</ref> In 2005 the company was renamed as '''Force Motors'''.<ref name="WOC" /> Over the last five decades it has partnered with global manufacturers such as [[Daimler AG|Daimler]], [[ZF Friedrichshafen|ZF]], [[Robert Bosch GmbH|Bosch]], [[Volkswagen Group|VW]], [[Traton]] and [[MAN SE|MAN]]. | ||
Force Motors is India’s largest van maker<ref>{{cite web|title=Largest Van Maker|url=http://www.moneycontrol.com/news/business/earnings-business/force-motors-nowlargest-vanmakerthe-country-md-1019339.html|website=www.moneycontrol.com}}</ref> and was part of Forbes India's [[Fortune India 500]] companies list in 2016.<ref>{{cite web|title=Fortune 500 companies|url=http://www.fortuneindia.com/fortune-500/company-list/force-motors?mode=filter&year=2016&industry=14420&sort=current-rank&order=asc|website=www.fortuneindia.com|access-date=2 January 2018}}</ref> | Force Motors is India’s largest van maker<ref>{{cite web|title=Largest Van Maker|url=http://www.moneycontrol.com/news/business/earnings-business/force-motors-nowlargest-vanmakerthe-country-md-1019339.html|website=www.moneycontrol.com}}</ref> and was part of Forbes India's [[Fortune India 500]] companies list in 2016.<ref>{{cite web|title=Fortune 500 companies|url=http://www.fortuneindia.com/fortune-500/company-list/force-motors?mode=filter&year=2016&industry=14420&sort=current-rank&order=asc|website=www.fortuneindia.com|access-date=2 January 2018}}</ref> | ||
==History== | ==History== | ||
[[File:Bajaj Tempo Tempo Trax Judo 4x4 frontleft 2008-05-11 U.jpg|thumb|[[Tempo | [[File:Bajaj Tempo Tempo Trax Judo 4x4 frontleft 2008-05-11 U.jpg|thumb|[[Force Gurkha|Tempo Trax]]]] | ||
Aside from manufacturing light transport vehicles, Force Motors also makes engines and axles, as well as a large variety of die-cast aluminium parts. The foundation of Bajaj Tempo originates with the '''Bachraj Trading Company''', which was established in 1945.<ref name=WOC/> Bachraj started assembling three-wheeled Tempo auto rickshaws and small trucks in 1951, under license from Germany. In 1958 the companies announced the creation of a joint venture, called the '''Bajaj Tempo Motors''', with 26 % of the shares belonging to Tempo. In 1968 the Firodia Group took a majority stake in Bajaj Tempo. | Aside from manufacturing light transport vehicles, Force Motors also makes engines and axles, as well as a large variety of die-cast aluminium parts. The foundation of Bajaj Tempo originates with the '''Bachraj Trading Company''', which was established in 1945.<ref name=WOC/> Bachraj started assembling three-wheeled Tempo auto rickshaws and small trucks in 1951, under license from Germany. In 1958 the companies announced the creation of a joint venture, called the '''Bajaj Tempo Motors''', with 26% of the shares belonging to Tempo. In 1968 the Firodia Group took a majority stake in Bajaj Tempo. | ||
In 1971, Tempo (Germany) passed into the hands of [[Daimler AG|Daimler-Benz]], who retained a 16.8 % share in Bajaj Tempo until 2001. Daimler sold its stake in April 2001 after 43 years citing little synergy between the two companies.<ref>{{cite web |title=DAIMLER EXITS BAJAJ TEMPO |url=https://www.telegraphindia.com/business/daimler-exits-bajaj-tempo/cid/932026 |website=Telegraph India |access-date=16 February 2020 |date=24 April 2001}}</ref> | In 1971, Tempo (Germany) passed into the hands of [[Daimler AG|Daimler-Benz]], who retained a 16.8% share in Bajaj Tempo until 2001. Daimler sold its stake in April 2001 after 43 years citing little synergy between the two companies.<ref>{{cite web |title=DAIMLER EXITS BAJAJ TEMPO |url=https://www.telegraphindia.com/business/daimler-exits-bajaj-tempo/cid/932026 |website=Telegraph India |access-date=16 February 2020 |date=24 April 2001}}</ref> | ||
The Tempo Matador was the first diesel light commercial vehicle in India. The company started production of the Hanseat 3-Wheelers in collaboration with Vidal & Sohn Tempo Werke Germany in 1958. The word ''Tempo'' (a registered trade mark of Daimler) is now generic for any small goods carrier in India.<ref>{{cite web |title=History |url=https://www.forcemotors.com/history |website=Force Motors |access-date=16 February 2020}}</ref> | The Tempo Matador was the first diesel light commercial vehicle in India. The company started production of the Hanseat 3-Wheelers in collaboration with Vidal & Sohn Tempo Werke Germany in 1958. The word ''Tempo'' (a registered trade mark of Daimler) is now generic for any small goods carrier in India.<ref>{{cite web |title=History |url=https://www.forcemotors.com/history |website=Force Motors |access-date=16 February 2020}}</ref> | ||
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In 2015, the company was awarded a contract by [[BMW]], resulting in a new facility in Chennai which produces and test engines and transmissions exclusively for all BMW cars and SUVs made in India.<ref>{{Cite web|url=https://www.autocarindia.com/car-news/force-motors-inaugurates-plant-for-bmw-engine-assembly-396385|title=Force Motors inaugurates plant for BMW engine assembly|website=Autocar India|language=en|access-date=2020-01-02}}</ref> This plant can produce up to 20,000 engines per year.<ref>{{cite web |last1=Raghunathan |first1=Anu |title=Pune's Force Motors Makes Engines For BMW And Mercedes-Benz |url=https://www.forbes.com/sites/anuraghunathan/2015/09/23/punes-force-motors-makes-engines-for-bmw-and-mercedes-benz/#4baeee372f92 |website=Forbes |language=en}}</ref> | In 2015, the company was awarded a contract by [[BMW]], resulting in a new facility in Chennai which produces and test engines and transmissions exclusively for all BMW cars and SUVs made in India.<ref>{{Cite web|url=https://www.autocarindia.com/car-news/force-motors-inaugurates-plant-for-bmw-engine-assembly-396385|title=Force Motors inaugurates plant for BMW engine assembly|website=Autocar India|language=en|access-date=2020-01-02}}</ref> This plant can produce up to 20,000 engines per year.<ref>{{cite web |last1=Raghunathan |first1=Anu |title=Pune's Force Motors Makes Engines For BMW And Mercedes-Benz |url=https://www.forbes.com/sites/anuraghunathan/2015/09/23/punes-force-motors-makes-engines-for-bmw-and-mercedes-benz/#4baeee372f92 |website=Forbes |language=en}}</ref> | ||
A new plant was inaugurated at Chakan, Pune in June 2016.<ref name="Bureau">{{Cite web|url=https://www.thehindubusinessline.com/companies/force-motors-commissions-100cr-plant-for-merc/article8760636.ece|title=Force Motors commissions ₹100-cr plant for Merc | A new plant was inaugurated at Chakan, Pune in June 2016.<ref name="Bureau">{{Cite web|url=https://www.thehindubusinessline.com/companies/force-motors-commissions-100cr-plant-for-merc/article8760636.ece|title=Force Motors commissions ₹100-cr plant for Merc|website=@businessline|language=en|access-date=2020-01-02}}</ref> This facility assembles and tests engines for all Mercedes Cars and SUVs made in India.<ref name="Bureau"/> The new plant has a current annual capacity of 20,000 engines and 20,000 front and rear axles.<ref name="Bureau"/> | ||
Force Motors has a nationwide dealer presence. The company also exports to various countries in Africa, Latin America, SAARC and ASEAN countries, Gulf and Germany.<ref>{{Cite news|title=Force Motors Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/force-motors-53/information/company-history|access-date=2021-08-12}}</ref> | Force Motors has a nationwide dealer presence. The company also exports to various countries in Africa, Latin America, SAARC and ASEAN countries, Gulf and Germany.<ref>{{Cite news|title=Force Motors Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/force-motors-53/information/company-history|access-date=2021-08-12}}</ref> | ||
==Products== | ==Products== | ||
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'''Multi Utility Vehicles''' | '''Multi Utility Vehicles''' | ||
*[[Force | *[[Force Trax]] (including Toofan, Cruiser, Cruiser Deluxe) | ||
* Kargo King | * Kargo King | ||
* Trax Delivery Van | * Trax Delivery Van | ||
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'''Sports Utility Vehicles (SUVs)''' | '''Sports Utility Vehicles (SUVs)''' | ||
*[[Force One (sport utility vehicle)|Force One SUV]] (discontinued) | * [[Force One (sport utility vehicle)|Force One SUV]] (discontinued) | ||
* [[ | * [[Force Gurkha]] | ||
==See also== | ==See also== | ||
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[[Category:Force Motors| ]] | [[Category:Force Motors| ]] | ||
[[Category:Truck manufacturers of India]] | [[Category:Truck manufacturers of India]] | ||
[[Category:Indian brands]] | [[Category:Indian brands]] | ||
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[[Category:Companies listed on the National Stock Exchange of India]] | [[Category:Companies listed on the National Stock Exchange of India]] | ||
[[Category:Companies listed on the Bombay Stock Exchange]] | [[Category:Companies listed on the Bombay Stock Exchange]] | ||
[[Category:Car manufacturers of India]] | |||
[[Category:Companies of India]] |