Pune: Force Motors Limited, India’s largest van manufacturer and a key player in shared and specialized mobility solutions, has reported its strongest-ever quarterly and half-yearly performance, setting new benchmarks in profitability and operational excellence. For the quarter ended September 30, 2025 (Q2 FY2025–26), the company achieved record EBITDA and profit margins, marking a historic milestone in its growth journey.
The company’s total income for Q2 FY26 stood at ₹2,106 crore, an 8% rise year-on-year, while revenue for the first half of the fiscal reached ₹4,428 crore, up 15% compared to the same period last year. EBITDA surged 33% to ₹387 crore in Q2 and 34% to ₹744 crore in H1, reflecting robust operational efficiency. Profit before tax increased 46% to ₹316 crore in Q2 and 50% to ₹602 crore in H1. Profit after tax showed an exceptional jump — 148% in Q2 and 105% in H1 — partly driven by the shift to the new tax regime. The company continues to remain debt-free.
Over the past three years, Force Motors has maintained a compound annual growth rate exceeding 35%, underlining the consistency of its performance. The strong sales momentum was fuelled by a 16% rise in domestic volumes during the first half of FY26, supported by sustained demand across its flagship products — the Urbania, Traveller, Gurkha (defence variants), Monobus and Trax. Export volumes grew sharply by 77% during the same period, led by the Light Commercial Vehicles, Special Vehicles Division, and Utility Vehicles segments.
Force Motors’ Traveller platform continues to dominate the shared mobility segment, holding a market share of more than 70%. The company’s strategic focus on upgrading product offerings, enhancing manufacturing efficiency, and strengthening its dealer network has reinforced its leadership position while ensuring sustainable, long-term growth.
Commenting on the performance, Mr. Prasan Firodia, Managing Director, Force Motors Limited, described the quarter as a defining moment in the company’s history. “This has been a landmark quarter for Force Motors, delivering the best-ever performance in our history, 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,” he said.
He added that the company’s consistent focus on shared mobility and deep understanding of customer needs have driven both growth and profitability. “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,” Mr. Firodia noted.
Reaffirming the company’s commitment to sustained growth, he said, “Looking ahead, Force Motors remains committed to driving sustainable growth by deepening our focus on customer satisfaction and expanding in a calibrated manner our presence in international markets. We will continue to strengthen our product portfolio, manufacturing capabilities, and market reach as we build on this momentum.”
With record financial results, zero-debt status, and a strong foothold in both domestic and export markets, Force Motors has entered FY2025–26 on a high note, signaling confidence in its ability to sustain growth and reinforce its leadership in the mobility space.