Staff Writer
Pune: Force Motors Limited, India’s largest van manufacturer and a leading name in shared and specialized mobility, has achieved its strongest-ever financial performance for both the quarter and half year ended September 30, 2025. The company’s stellar results set new benchmarks in profitability and operational efficiency, reinforcing its position as a key player in the mobility segment.
For the second quarter of FY2025–26, Force Motors reported a total income of Rs 2,106 crore, marking an 8 percent year-on-year increase. Revenue for the first half of the fiscal touched Rs 4,428 crore, up 15 percent compared to the same period last year. The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) surged by 33 percent to Rs 387 crore in Q2 and by 34 percent to Rs 744 crore in H1, reflecting enhanced cost management and improved operating leverage.
Profit before tax rose 46 percent to Rs 316 crore for the quarter and 50 percent to Rs 602 crore for the first half. Profit after tax recorded a dramatic jump — 148 percent in Q2 and 105 percent in H1 — aided by operational gains and the transition to the new tax regime. The company continues to remain debt-free, highlighting its financial prudence and efficient capital management.
Over the past three years, Force Motors has maintained a compound annual growth rate (CAGR) of over 35 percent, underscoring its consistency and long-term resilience. Strong sales momentum continued in the first half of FY26, with domestic volumes rising 16 percent, driven by robust demand across its flagship products — Urbania, Traveller, Gurkha (defence variants), Monobus, and Trax. Exports too saw impressive growth, surging 77 percent on the back of rising demand for its Light Commercial Vehicles, Special Vehicles, and Utility Vehicle divisions.
The Traveller platform remains the undisputed leader in India’s shared mobility space, commanding a market share exceeding 70 percent. Force Motors’ emphasis on continuous product upgrades, manufacturing innovation, and a strengthened dealer network has reinforced its leadership position and ensured sustainable, long-term growth.
Describing the quarter as a landmark in the company’s journey, Managing Director Prasan Firodia said, “This has been a defining quarter for Force Motors, delivering the best-ever performance in our history and marking the highest-ever Q2 and H1 results in FY2025–26. Our performance reflects the strength of our product portfolio, operational excellence, and customer-centric approach.”
Firodia credited the company’s strong performance to its unwavering focus on shared mobility and deep understanding of customer needs. “As a segment creator and market leader, Force Motors has consistently shaped and expanded India’s shared mobility space through products and services that anticipate and satisfy customer needs. This forward-looking approach, combined with robust demand across our key product lines, has driven steady growth in both sales and profitability,” he added.
Looking ahead, Firodia said the company remains committed to sustainable expansion. “Force Motors will continue to focus on customer satisfaction, enhance its international presence, and strengthen its product portfolio and manufacturing capabilities. We are confident that the growth momentum achieved will translate into sustained value creation for all stakeholders,” he noted.
With a record-breaking financial performance, a zero-debt balance sheet, and strong traction in both domestic and export markets, Force Motors has entered FY2025–26 on an impressive high. The company’s solid fundamentals, efficient operations, and strategic focus on innovation and customer experience position it well to continue driving India’s mobility transformation.
