(Reuters) -India’s Force Motors clocked a 52% jump in first-quarter profit, on the back of strong demand for its multi-seater vans.
The ‘Traveller’ van manufacturer reported a profit of 1.85 billion rupees ($21.4 million) for the April-June period, up from 1.2 billion rupees in the year-ago period.
Quarterly revenue jumped about 22% to 22.97 billion rupees, helped by a roughly 19% growth in its sales volume.
Force Motors’ vehicles are also used as school buses and ambulances. It is also a contract manufacturer of engines for BMW and Mercedes Benz cars in India.
($1 = 86.3510 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Shailesh Kuber)
