Briefly Business

Anand Mahindra,Chairman,Tech Mahindra said,“The robust quarterly performance reflects our strong capabilities in the telecom domain and our ability to provide multiple service offerings under one umbrella.” Vineet Nayyar,Vice Chairman,MD and CEO of Tech Mahindra said,“The quarter was one of execution in both service delivery and business acquisition. Our reach has increased with the addition of customer relationships across geographies.”

Force Motors posts 58 per cent increase in revenue

Pune-based auto major Force Motors posted a revenue increase of over 58% during the first half of the current fiscal year with a gross revenue of Rs 742 crore. Profit from operations before other income,financial expenses and exceptional items stood at Rs 43 crore as against Rs 7 crore during the same period last year. Prasan Firodia,MD,said,“Sales of all vehicle categories showed healthy growth. The sales of Traveller and the new SCV ‘Trump 40’ have been especially strong.” The company is targeting a top line of Rs 1800 crore during the current financial year. An all new SUV,in the premium segment,is also planned for the end of this financial year. Sales of its 50:50 joint venture,Man Force Trucks Pvt Ltd grew by 200% with a turnover of Rs 368 crores in the first half of the current year.