Force Motors right now explained it will raid into the passenger vehicle segment with the start of a multi-purpose car in 2012, for which the Force will arranged up a new plant in Madhya Pradesh with the preliminary potential of 24,000 units per annum.
The business mentioned that it has signed an agreement with German vehicle big Daimler for procuring engineering for the MPV, Force Motors stated in a filing to the (BSE) Bombay Stock Exchange.
"Force is engaged in a conversation with the Madhya Pradesh federal government to locate a new setup for the manufacturing of the MPV in Pithampur. The manufacturing of this new product is anticipated to start in the direction of the stop of calendar 2012 with a first capability of roughly 24000 autos for each annum," they added.
The organization, even so, did not point out how much investment the proposed place is likely to incur. Elaborating the license agreement that was inked nowadays, Force Motors said: "This complete supply of merchandise technologies will ease the entry of new Force into the travelers and goods autos section, which is settlement to its existing products line of the 'Traveler' industrial motor vehicle."
Power Motors at the moment makes use of a 2.0 L frequent rail engine, the number OM 611, in Passengers assortment of vehicles. "Uprated variations of this engine are accustomed for use in the vehicle -- Force Motors One -- getting released by Force Motors soon. Similar variants will become accustomed for installation in the new Multi Purpose Vehicle, for which the over technological innovation license is becoming obtained," the submitting stated.
Force Motors at present has an association for sourcing technical assistance in respond to engine set up, motor vehicle create quality and electronic refinement among other folks. "It is meant that the Multi Passenger Vehicle, to be introduced below the advance technical license, will get assistance from MB tech," the business said.
Previously, Daimler AG was stakeholder in Force company & had licensed to the Force (then Bajaj Tempo Lmt.) the Traveler variety of light industrial autos and OM 616 engine. Considering that 2001, Daimler no more time retains shares in Force.
At the moment, Force Motors has a contract manufacturing agreement with Daimler for assembled engines plus axles for luxury passenger vehicles of the German factory's subsidiary Mercedes Benz. Shares of Force company these days closed 0.22 percent low at rupees 699 apiece on the BSE.
The business mentioned that it has signed an agreement with German vehicle big Daimler for procuring engineering for the MPV, Force Motors stated in a filing to the (BSE) Bombay Stock Exchange.
"Force is engaged in a conversation with the Madhya Pradesh federal government to locate a new setup for the manufacturing of the MPV in Pithampur. The manufacturing of this new product is anticipated to start in the direction of the stop of calendar 2012 with a first capability of roughly 24000 autos for each annum," they added.
The organization, even so, did not point out how much investment the proposed place is likely to incur. Elaborating the license agreement that was inked nowadays, Force Motors said: "This complete supply of merchandise technologies will ease the entry of new Force into the travelers and goods autos section, which is settlement to its existing products line of the 'Traveler' industrial motor vehicle."
Power Motors at the moment makes use of a 2.0 L frequent rail engine, the number OM 611, in Passengers assortment of vehicles. "Uprated variations of this engine are accustomed for use in the vehicle -- Force Motors One -- getting released by Force Motors soon. Similar variants will become accustomed for installation in the new Multi Purpose Vehicle, for which the over technological innovation license is becoming obtained," the submitting stated.
Force Motors at present has an association for sourcing technical assistance in respond to engine set up, motor vehicle create quality and electronic refinement among other folks. "It is meant that the Multi Passenger Vehicle, to be introduced below the advance technical license, will get assistance from MB tech," the business said.
Previously, Daimler AG was stakeholder in Force company & had licensed to the Force (then Bajaj Tempo Lmt.) the Traveler variety of light industrial autos and OM 616 engine. Considering that 2001, Daimler no more time retains shares in Force.
At the moment, Force Motors has a contract manufacturing agreement with Daimler for assembled engines plus axles for luxury passenger vehicles of the German factory's subsidiary Mercedes Benz. Shares of Force company these days closed 0.22 percent low at rupees 699 apiece on the BSE.
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