Force Motors plans to set up a manufacturing facility at Chakan near Pune to produce a range of parts including engines, gearboxes and axles with annual capacity of 50,000 sets. The company's board has approved, as per the circular dated February 7, establishment of factory, Force Motors ltd said in a filing to the BSE.
"The company already owns the land and necessary steps to convert the use of the land and obtain necessary permissions for construction and establishment of such a factory are being taken," it added.