Force Motors: Difference between revisions

195 bytes removed ,  13 October 2021
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{{short description|Indian multinational automotive manufacturing company}}
{{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}}}}
*[[BSE SENSEX|BSE SENSEX Constituent]]
*[[NIFTY 50|NSE NIFTY 50 Constituent]]}}
| 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|Worldwide]]
| 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 Trax|Force Trax]]]]
[[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|last=Bureau|first=Our|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"/>
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>
[[File:Force gurkha 2021.jpg|thumb|[[Force Motors Gurkha|Force Gurkha]]]]


==Products==
==Products==
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'''Multi Utility Vehicles'''
'''Multi Utility Vehicles'''


*[[Force Motors Trax|Trax]] (including Toofan, Cruiser, Cruiser Deluxe)
*[[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 SUV Gurkha|Force Gurkha]]
* [[Force Gurkha]]


==See also==
==See also==
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[[Category:Force Motors| ]]
[[Category:Force Motors| ]]
[[Category:Tractor manufacturers of India]]
[[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]]