India’s Force Motors has said that it will sell up to a 14.5% stake in its joint venture with German truckmaker MAN for about 3 billion rupees.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

MAN will acquire additional equity in the joint venture to increase its stake to 50%, via a rights issue for up to 2.5 billion rupees.


Force Motors currently holds 70% stake in the JV, MAN Force Trucks Pvt Ltd, while MAN holds the rest.


The joint venture – already producing trucks – will start designing and make trucks and bus chassis over the next few months to widen its presence in the Indian market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.