India's Force Motors sinks to five-month low as May sales slump

Force Motors

02/06/2026 05:33

** Shares of automobile maker Force Motors FORC.NS fall 5.6% to 17,880 rupees, their lowest point since last December 
** Stock has declined in four of the last five trading sessions  
** Total sales down 15.4% at 2,614 units in May, dragged by a 37.2% drop in exports and a 14.7% decline in domestic sales
** Previously, April total sales were down 4.4% Y/Y due to supply chain constraints and labour shortages 
** Stock holds trailing 12-month PE of 32.71 vs industry median of 22.22, according to LSEG-compiled data
** YTD, FORC down 12.8% vs a 6.5% fall in Nifty 500 Index <.NIFTY 500>  


 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))