Force Motors plans to invest around Rs 1,000 crore over the next four years in various activities, including product development and setting up of a dedicated facility for assembling engines for BMW vehicles.
The company plans to invest around Rs 100 crore in its dedicated engine assembly facility for BMW coming up in Chennai. The facility is likely to be completed by January 2015.
Earlier this year, Force Motors had announced its investment plans of about Rs 100 crore to set up an engine assembling and testing plant in Tamil Nadu, also to be operational by January next year. The proposed facility will come up at Anjur village in Tamil Nadu's Kancheepuram district and will also produce gearbox and other aggregates.
The firm is also in the process of developing an all new light commercial vehicle, which will add to the already popular Traveller portfolio.
Force Motors presently has two plants in India. Its small commercial vehicles and tractors are rolled out from its Pune facility, while others, such as its Traveller range of passenger carriers and other commercial vehicles are produced from Pithampur in Madhya Pradesh.