 | |
| Formerly | Bajaj Tempo Motors |
|---|---|
| Company type | Public |
| ISIN | INE451A01017 |
| Industry | |
| Founded | 1958; 67 years ago (1958) |
| Founder | N. K. Firodia |
| Headquarters | , India |
Area served | Worldwide |
Key people |
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| Products | |
| Revenue |  ₹5,090 crore (US$580 million) |
| ₹152 crore (US$17 million) | |
| Owner | Abhay Firodia |
Number of employees | 10,000+ (2021) |
| Parent | Jaya Hind Industries |
| Website | www |
Force Motors Ltd is an Indianmultinationalautomotive manufacturing company, based inPune. From 1958 until 2005, the company was known asBajaj Tempo Motors because it originated as a joint venture betweenBajaj Trading Corporation (now Bajaj Auto) and Germany'sTempo for manufacturing auto components.[1] The company is known for brands, like the Gurkha, Matador, Minidor and Traveller. Over the last five decades [when?], it has partnered with global manufacturers, such asRolls Royce,BMW,Daimler,ZF,Bosch,VW,Traton andMAN, for manufacturing auto components.[2]
Force Motors is India's largestvan maker.[3] The company is completely vertically integrated, making its own components for the entire product range. Force Motors has a nationwide dealer presence. The company also exports to various countries inAfrica,Latin America,SAARC andASEAN countries,Gulf and Germany.[4]
Force Motors ranked 359th (2020) on theFortune India 500 companies list.[5]
As per Forbes list of India's 100 richest tycoons, dated October 09, 2024, Abhay Firodia is ranked 71st with a net worth of $4.45 Billion.[6]
Force Motors was founded in 1957 by N. K. Firodia.[7] 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 theBajaj Trading Corporation (now Bajaj Auto), which was established in 1945.[1] Bajaj started assembling three-wheeledauto rickshaws and small trucks in 1951, under license fromTempo ofGermany. In 1958, the companies announced the creation of a joint venture, called the Bajaj Tempo Motors, with 26 percent 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 ofDaimler-Benz, who retained a 16.8 percent share in Bajaj Tempo until 2001. Daimler sold its stake in April 2001 after 43 years citing little synergy between the two companies.[8]
The Tempo Matador was the first diesel light commercial vehicle inIndia. The company started production of Tempo Hanseat three-wheelers in collaboration with the Vidal & Sohn Tempo Werke Germany in 1958. The wordTempo (a registeredtrademark of Daimler) is now generic for any small goods carrier in India.
In 1987, Force Motors set up a new plant atPithampur inMadhya Pradesh, for the production of Tempo Traveller.[9] This plant was designed and built to the specification of Daimler-Benz.[9]
In 1997, Daimler asked it to set up a dedicated facility for assembling and testing engines for Mercedes passenger cars to be made in India.[10]
In 2005, the company was renamed Force Motors.[1]
Force Motors signed technology sourcing agreements in 2003 withMAN SE for which payments were made up front. On completion of the localization of the licensed technology and with the request from MAN, a joint venture was created forming MAN Force Trucks Pvt. Ltd to manufacture the full range of HCVs from 16t GVW to 49t GCW. MAN proceeded to buy out Force and MAN Trucks India was established as a separate concern in 2012.[11]
In 2012, Force Motors launchedTraveller 26, a monocoque panel van that can seat 26 persons, designed entirely in-house. It had disk brakes on all four wheels and also came with safety features like ABS and EBD.[12]
In 2015, the company was awarded a contract byBMW, resulting in a new facility in Chennai which produces and test engines and transmissions exclusively for allBMW cars and SUVs made in India.[13] This plant can produce up to 20,000 engines per year.[14] The facility was completed in July 2015.[15]
A new plant was inaugurated atChakan, Pune in June 2016.[16] This facility assembles and tests engines for all Mercedes Cars and SUVs made in India.[16] The new plant has a current annual capacity of 20,000 engines and 20,000 front and rear axles.[16]
In March 2018, Force Motors entered into a joint-venture agreement withRolls-Royce Power Systems AG to manufacture the 10- and 12-cylinder Series 1600 engines (545 hp to 1050 hp) in India for worldwide supply. These engines are meant for power generation and under floor rail applications.[citation needed]
Force Motors manufactures a range of vehicles including Light Commercial Vehicles (LCV), Multi Utility Vehicles (MUV), Sports Utility Vehicles (SUVs).[17]
Light Commercial vehicles
Small Commercial Vehicles
Multi Utility Vehicles
Agricultural vehicles
Sports Utility Vehicles (SUVs)
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