Force Motors Reports Record Q2 and H1 FY26 Results
Pune, November 7, 2025 – Force Motors Ltd reported its highest-ever quarterly and half-yearly results for the period ended September 30, 2025 (Q2 FY26), driven by strong domestic and export demand.
The company’s total income rose 8% year-on-year to ₹2,106 crore in Q2 FY26, while EBITDA grew 33% to ₹387 crore. Profit before tax increased 46% to ₹316 crore, and profit after tax surged 148% to ₹350 crore, aided by a shift to the new tax regime. Force Motors maintained a zero-debt position.
For the first half of FY26, total income rose 15% to ₹4,428 crore, with EBITDA up 34% to ₹744 crore. Profit before tax rose 50% to ₹602 crore, while profit after tax more than doubled to ₹535 crore. The company has delivered a compound annual growth rate of over 35% in the past three years.
Domestic sales volumes grew 16% in H1 FY26, supported by demand across the Urbania, Traveller, Gurkha (defence variants), Monobus, and Trax range. Exports rose 77% year-on-year, led by light commercial vehicles and utility segments.
The Traveller platform retained its leadership position with a market share above 70%. The company continues to invest in improving production efficiency, expanding its dealer network, and upgrading its product portfolio.
Managing Director Prasan Firodia said the results reflect the company’s operational discipline and product strength. “This performance underscores our focus on core capabilities and consistent execution,” he said.
Founded in 1958, Force Motors operates five manufacturing facilities across India and employs more than 10,000 people. The company produces engines for Mercedes-Benz and BMW vehicles made in India and operates a joint venture with Rolls-Royce Power Systems for high-horsepower engines.
Force Motors’ product range includes the Traveller and Trax series, the Urbania van platform, and the Gurkha SUV.