Force Motors Limited has released its sales performance report for December 2024, showcasing a detailed breakdown of both domestic and export sales across various product categories.
Domestic Sales Overview
The domestic sales for December 2024 exhibited a noticeable decrease in certain categories:
- Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV):
- Sales in December 2024: 1,985 units
- Sales in December 2023: 2,159 units
- Percentage Decrease: 8.06%
While there was a decline in the sales of these vehicle categories, Force Motors continues to maintain a substantial presence in the domestic market.
- Tractors:
- Sales in December 2024: Not Applicable (N.A.)
- Sales in December 2023: 15 units
- Impact: Force Motors has ceased its tractor business as of March 31, 2024, which is reflected in the absence of tractor sales for December 2024.
Export Sales Overview
The export performance for December 2024 also faced a significant drop:
- Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV):
- Sales in December 2024: 51 units
- Sales in December 2023: 326 units
- Percentage Decrease: 84.35%
This marked decline highlights a notable reduction in demand for Force Motors’ vehicles in international markets.
- Tractors:
- Sales in December 2024: Not Applicable (N.A.)
- Sales in December 2023: None
- Impact: With the discontinuation of the tractor business, export sales of tractors are no longer recorded.
Combined Domestic and Export Sales
When combining both domestic and export sales, Force Motors reported the following figures for December 2024:
- Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV):
- Total Sales in December 2024: 2,036 units
- Total Sales in December 2023: 2,485 units
- Percentage Decrease: 18.07%
- Tractors:
- Total Sales in December 2024: Not Applicable (N.A.)
- Total Sales in December 2023: 15 units
The combined figures illustrate an overall decline of 18.07% in sales of commercial vehicles and SUVs when considering both domestic and export markets.
In the meantime, Force Motors shares opened at 7,198.30 and reached a high of 7,638.00, while the low was recorded at 7,111.70. Over the past 52 weeks, the stock has seen a high of 10,277.85 and a low of 4,250.10.
