Force Motors Ltd (FML) is a fully integrated company with expertise in design development and manufacture of the full spectrum of automotive components, aggregates and vehicles. It sells vehicles including small commercial vehicles, multi-utility vehicles, light commercial vehicles, sports utility vehicles and agricultural tractors. The company operates its business under three verticals- vehicle manufacturing, component manufacturing and tooling for other OEMs. Vehicle business contributes 70% and the rest contribute 30%. The company exports to various...