1 hour ago
HomeMarket NewsForce Motors shares slip 5% as May sales fall 15% YoY
The company’s export volumes dropped sharply by 37% year-on-year. The stock is trading 5% lower on Tuesday.
Shares of Force Motors Ltd. declined as much as 5% on Tuesday, June 2, after the company reported a weak sales performance for May.
The stock is down for the third consecutive session today.
Domestic sales dropped to their lowest level in 18 months.
May Sales Performance (YoY):
Total sales declined 15% to 2,614 units from 3,088 units a year ago.
Domestic sales fell 15%, reaching an 18-month low.
Export volumes dropped sharply by 37% year-on-year.
Also Read: Coforge shares gain nearly 6% after Nexa Agentic AI Platform launch for insurance industry
