Staff Writer
Pune: Force Motors Limited on Wednesday reported its highest-ever revenue and profitability for the financial year ended March 31, 2026, marking a significant milestone in the company’s growth trajectory driven by strong domestic demand, product momentum and operational efficiency.
Announcing its results for the fourth quarter and full year FY2025–26, the Pune-based automaker said its performance was underpinned by consistent execution across all quarters, improved operating leverage and broad-based growth across key product segments. The company maintained its leadership in the van segment, with its flagship Traveller platform continuing to command over 70 per cent market share.
During the year, Force Motors recorded robust domestic growth, with overall wholesales rising by 20 per cent compared to the previous fiscal. The company also witnessed strong traction in the premium mobility space, led by its Urbania platform, which registered over 100 per cent growth, signalling increasing acceptance in both domestic and international markets.
Expansion into rural and semi-urban regions further boosted volumes, supported by rising demand for the Trax platform, which posted more than 70 per cent growth year-on-year. The company also strengthened its footprint in institutional and defence segments, executing key orders for specialised vehicles for the Indian armed forces.
Force Motors said its financial performance reflected not only scale but also improved quality of earnings, aided by a balanced product mix, tighter cost discipline and better absorption of fixed costs. Notably, the company continued to maintain a zero-debt status, highlighting its focus on financial prudence and efficient capital allocation.
Commenting on the performance, Managing Director Prasan Firodia said the company’s strategy of focusing on segment leadership and innovation had driven sustained growth. He noted that while platforms like Traveller and Trax continued to deliver scale, Urbania was helping the company pioneer the premium shared mobility segment.
He added that the company’s engagement with institutional and defence customers demonstrated its engineering capabilities and ability to deliver in complex and demanding environments. Looking ahead, he said the company would continue to prioritise customer-centric innovation, product development and operational discipline to drive the next phase of growth.
Founded in 1958 by N. K. Firodia, Force Motors has evolved into a fully integrated automotive company with a strong presence across light commercial and multi-utility vehicle segments. The company operates multiple manufacturing facilities across India and has a significant export footprint spanning regions such as the Middle East, Asia, Latin America and Africa.
Force Motors has also built strategic partnerships with global automotive majors including BMW and Mercedes-Benz, manufacturing engines for their India operations. Additionally, its joint venture with Rolls-Royce Power Systems AG focuses on producing high-performance engines for global applications.
The company’s product portfolio also includes vehicles like the Force Gurkha, known for its rugged off-road capabilities, as it continues to expand its presence across passenger and commercial mobility segments.
