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Force Motors catches speed on unveiling all-new version of sports utility vehicle ‘Gurkha’

Initially, the all-new Gurkha will be available at select locations in the key markets, thereafter, the footprint will be expanded in a phased manner

Force Motors is currently trading at Rs. 1549.45, up by 86.70 points or 5.93% from its previous closing of Rs. 1462.75 on the BSE.

The scrip opened at Rs. 1551.00 and has touched a high and low of Rs. 1614.45 and Rs. 1545.90 respectively. So far 46720 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1706.25 on 13-Jul-2021 and a 52 week low of Rs. 980.00 on 29-Oct-2020.

Last one week high and low of the scrip stood at Rs. 1614.45 and Rs. 1394.20 respectively. The current market cap of the company is Rs. 2053.13 crore.

The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 5.21% and 33.16% respectively.

Force Motors has unveiled the all-new version of its sports utility vehicle Gurkha with deliveries expected to begin from October 15. The Gurkha 2021 is built on a ground-up modular architecture platform with an all-new wider and longer body, full new interiors, a new crash compliant, high strength chassis, new coil spring suspension on all four wheels fine-tuned to achieve the right balance and offer the best-in-class ride quality on multiple surfaces -- tarmac, rough rural roads and off the road.

The only carryover from the previous generation Gurkha is the Mercedes G-Wagen inspired look and imposing stance. The new Gurkha will be available in five colours red, orange, green, grey and white, and the price would be announced in the last week of September post which dealers shall start taking bookings. Initially, the all-new Gurkha will be available at select locations in the key markets, thereafter, the footprint will be expanded in a phased manner.

Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.