Force Motors records highest-ever revenue and profit in FY2025-26

Force Motors Limited reported its highest ever annual revenue and profitability for the fiscal year ending March 31, 2026. The company achieved a full-year revenue of ₹9,167 crore, marking a 13 percent increase over the previous year. This growth was supported by a 30 percent compound annual growth rate in sales over the past four years.

Key Highlights

• Force Motors reported record annual revenue of Rs 9,167 crore for FY2025-26
• Annual Profit After Tax increased 51 percent to Rs 1,211 crore
• The traveler platform maintained over 70 percent market share in the van segment
• Urbania platform achieved over 100 percent growth in the premium segment

Financial Performance Overview

For the fourth quarter, Force Motors recorded revenue of Rs 2,584 crore, representing a 9 percent year-on-year increase. However, profit after tax for the quarter declined by 36 percent to Rs 274 crore. This decrease was due to a high base effect from an exceptional income of Rs 395 crore in the same quarter last year.

Despite the quarterly decline, the company’s annual profit after tax rose by 51 percent to Rs 1,211 crore. Annual EBITDA increased by 39 percent to Rs 1,593 crore, driven by improved operating leverage and consistent execution. Throughout the year, Force Motors maintained a zero debt status, demonstrating its focus on capital discipline.

Operational Highlights and Market Position

Domestic wholesales grew by 20 percent, reflecting robust operational growth. Force Motors continued to lead the van segment, with the Traveller platform holding over 70 percent market share. The premium Urbania platform experienced more than 100 percent growth, while the Trax platform saw a 70 percent rise in volumes, especially in rural and semi-urban markets.

Managing Director Prasan Firodia stated that FY2025-26 marked an unprecedented year for the company. He emphasized Force Motors’ leadership in the premium shared mobility segment with the Urbania platform and highlighted the continued scale delivered by the Traveller and Trax ranges. Firodia also noted strong engagement with institutional and defense customers, showcasing the company’s engineering capabilities in demanding environments.

Strategic Focus and Future Outlook

Looking ahead, Force Motors plans to prioritize technology and innovation to drive future growth. The company has focused its intellectual property efforts on alternative powertrains, aiming to strengthen its position in the evolving automotive sector.

On a sequential basis, revenue declined by 5.1 percent from the fourth quarter of the previous calendar year. Despite this, Force Motors remains committed to maintaining financial discipline and operational excellence as it prepares for the next phase of growth.

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CarBike 360 Says

​Force Motors’ record-breaking performance in FY2025-26 highlights its strong market positioning and strategic growth initiatives. With consistent demand across segments and a focus on efficiency and exports, the company is well placed for sustained momentum. Going forward, its ability to innovate and expand its portfolio will play a key role in maintaining this upward trajectory.