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Force Motors rallies 5% on forming JV with Rolls-Royce Power Systems

Force Motors rallies 5% on forming JV with Rolls-Royce Power Systems”

Force Motors on Tuesday announced that it has partnered with Rolls-Royce to form a joint venture company to produce engines.

Meanwhile, the stock gained 3.62% at Rs 4,236 per share, attracting a total traded quantity of 1.71 lakh shares.

Bergen Engines managing director Jeff Elliott said: "Bergen Engines delivered its first Rolls-Royce genset engine to Bangladesh way back in 2001, and has since built power stations covering more than 5% of the country's overall power supply".

The joint venture will produce complete power generation systems including associated spare parts for Indian as well as global markets.

Under the partnership, the Pune-based firm will set up a a dedicated manufacturing facility meeting the standards and specifications laid down by Rolls Royce at Chakan near Pune.

Rolls-Royce Power Systems subsidiary Bergen Engines has signed a set of contracts with a combined value of €133m to deliver two power stations in Bangladesh.

Force Motors is the only company in the world that produces engines for two of the leading European premium auto makers Mercedes and BMW.

Force Motors is an integrated automobile company, which focuses on design, development and manufacture of automotive components, aggregates and vehicles in India. Its range includes Small Commercial Vehicles, Multi-Utility Vehicles (MUV), Light Commercial Vehicles (LCV), Sports Utility Vehicles (SUV) and Agricultural Tractors.



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