Pune, May 12
THE Pune-based Bajaj Tempo has been renamed as Force Motors Ltd.
The Registrar of Companies, Maharashtra, has on Thursday issued the certificate for change of name from Bajaj Tempo Ltd to Force Motors Ltd. The new name comes into effect immediately.
Mr Abhay Firodia, Chairman and Managing Director, Force Motors, has said in a statement that though the directions to change the name were given by the Central Government under Section 22 of the Companies Act in February 2005 and members of the company approved the same in early April 2005, the implementation got delayed due to litigation initiated by a minority shareholder.
The request of the minority shareholder to stay the implementation of these directions was not accepted by the High Court.
Thus, the continuation of the process was allowed. But the petition filed by the said shareholder has been admitted. Mr Firodia said that Force Motors has aggressive expansion plans.
"Force is the dynamism with which we venture into the future of our business. Keeping our original values and core philosophy intact, we must now wear a proud new badge."
He said that the company plans to introduce a new range of medium and heavy commercial vehicles in collaboration with MAN Nutzfahrzeuge, a German manufacturer of diesel engines and heavy trucks.