Force Motors shares slip 5% as May sales fall 15% YoY

The company’s export volumes dropped sharply by 37% year-on-year. The stock is trading 5% lower on Tuesday.

Summarized by AI ⓘ

What is the story about?

Shares of Force Motors Ltd. declined as much as 5% on Tuesday, June 2, after the company reported a weak sales performance for May.

The stock is down for the third consecutive session today.

Domestic sales dropped to their lowest level in 18 months.

May Sales Performance (YoY):

Total sales declined 15% to 2,614 units from 3,088 units a year ago.

Domestic sales fell 15%, reaching an 18-month low.

Export volumes dropped sharply by 37% year-on-year.

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