Pune: Force Motors Limited, India’s largest van manufacturer and a leading mobility solutions provider, announced record-breaking financial results for the quarter and half-year ended September 30, 2025 (Force Motors Q2FY26).
The company reported its highest-ever performance in both Q2FY26 and H1FY26, achieving unprecedented EBITDA and profit margins.
Force Motors Q2FY26: Record Revenue, Profit, and Zero Debt
Force Motors Q2FY26 performance shows the company posted a total income of ₹2,106 crore, marking an 8% year-on-year (YoY) increase.
EBITDA grew 33% YoY to ₹387 crore, while Profit Before Tax (PBT) rose 46% YoY to ₹316 crore. Profit After Tax (PAT) surged 148% YoY to ₹350 crore, driven partly by the adoption of the new tax regime. The company continued to maintain a zero-debt position during Force Motors Q2FY26.
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For the first half of FY2025–26, Force Motors reported total income of ₹4,428 crore, up 15% YoY, with EBITDA of ₹744 crore (up 34%) and PAT of ₹535 crore (up 105%). The automaker recorded a three-year CAGR exceeding 35%, reflecting strong operational and financial momentum.
Force Motors Q2FY26: Robust Sales, Export Growth, and Market Leadership
Operationally, Force Motors registered a 16% increase in domestic volumes during H1FY26, supported by strong demand across its Urbania, Traveller, Gurkha (defence variants), Monobus, and Trax models.
Exports grew 77% compared to the same period last year, led by its Light Commercial Vehicles and Special Vehicles Division. The company reaffirmed its leadership in the Traveller platform with a market share above 70%.
Commenting on the performance, Prasan Firodia, Managing Director, said, “This has been a landmark quarter for Force Motors, delivering the best-ever results in our history. The performance reflects the strength of our product portfolio, operational excellence, and customer focus. By staying true to our core capabilities in shared mobility, we have unlocked new opportunities and achieved exceptional growth.”
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He further emphasized the company’s commitment to sustainable growth through customer satisfaction, international expansion, and continued investment in innovation and manufacturing.
Established in 1958 by N K Firodia, Force Motors Limited is a fully integrated automobile company specializing in the manufacture of vehicles, aggregates, and components. Headquartered in Pune, the company operates five advanced plants across India and employs over 10,000 people.
Force Motors powers every Mercedes-Benz and BMW vehicle produced in India through its engine manufacturing partnerships. The company’s joint venture with Rolls-Royce Power Systems, Force MTU Power Systems Pvt. Ltd., produces high-performance engines for global applications.
Its diverse product portfolio includes the Traveller, Trax, Gurkha, Monobus, and Urbania – all tailored for domestic and international mobility needs.
