Force Motors Delivers Best-Ever Q3 Performance, Extends Record Run in FY2025–2026

Building on the strong momentum of the first half, the company reported record EBITDA and profit margins, surpassing the levels achieved in the previous quarters and reinforcing the robustness of its operating model, product portfolio, and execution capabilities.

Operational Highlights (9M FY26):

• Domestic volumes grew 25%, supported by continued demand across Urbania, Traveller, Gurkha (defence variants), Monobus and Trax

• Exports volumes registered a 30% growth compared to the corresponding period last year across Light Commercial Vehicles, Special Vehicles Division and Utility Vehicles

• The company maintained its zero-debt status, underscoring financial discipline & prudence

• The Traveller platform retained clear segment leadership, with market share consistently above 70%

Commenting on the performance, Mr. Prasan Firodia, Managing Director, Force Motors Limited, said:

“The performance in the third quarter reflects steady demand across our core product segments and improved operating leverage as volumes have scaled through the year. Growth has been broad-based, supported by continued traction in shared mobility, defence-related applications, and export markets.”

“Demand visibility remains healthy, particularly in intra-city and inter-city passenger mobility, while institutional and fleet customers continue to prioritise reliable, purpose-built platforms. Our order pipeline and dealer-level enquiries provide reasonable visibility as we enter the final quarter of the year.”

“Given the momentum we have gained and with Q4 underway, we are confident of closing the year on a strong note and delivering our best financial performance to date. This confidence is supported by the proposed Union Budget, which underscores the continued focus on strengthening India’s long-term economic fundamentals, including manufacturing, infrastructure and supply-chain resilience”, he added.