Force Motors announces JV with Rolls-Royce to produce engines; shares jump 5%
Force Motors announced a joint venture with Rolls-Royce to produce engines in India.
Key highlights:
- Force Motors announced that it has partnered with Rolls-Royce
- To form a joint venture company to produce engines
- Shares of Force Motors rose by 5% after the announcement of the JV
Force Motors on Tuesday announced that it has partnered with Rolls-Royce to form a joint venture company to produce engines. Shares of Force Motors rose by 5% after the announcement of the JV with Rolls-Royce.
The shares of Force Motors was trading up 3.96% or Rs 161.85, at Rs 4,250 per piece at 12:39 hours on BSE.
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