Pune, April 30: Force Motors Limited, India’s largest van manufacturer, announced its financial results for the quarter and year ended March 31, 2026, delivering its strongest-ever full-year performance.
The milestone year was driven by consistent execution, improved operating leverage, and strong growth across key product segments, reflecting the company’s disciplined approach and focused strategy.
Operational Highlights – FY2025–26:
- Domestic wholesales grew by 20% year-on-year
- Continued leadership in the van segment, with the Traveller maintaining over 70% market share
- Premium mobility segment gained momentum, with Urbania recording over 100% growth
- Strong expansion in rural and semi-urban markets, led by the Trax platform with over 70% growth in volumes
- Increased presence in institutional and defence segments, including execution of specialized orders for the Indian armed forces
The company’s performance reflects not just scale but improved earnings quality, supported by a balanced product mix, operating discipline, and efficient cost management. Growth remained broad-based across platforms, reinforcing its dominant position in the van segment while expanding into premium mobility and emerging markets.
Force Motors also maintained its zero-debt status, underscoring its strong financial discipline and prudent capital allocation.
Management Commentary
Commenting on the exceptional performance, Mr. Prasan Firodia, Managing Director, Force Motors Limited, said,
“We have been a segment creator since our inception, and we are now pioneering and leading the premium shared mobility segment with Urbania’s strong presence, while platforms like Traveller and Trax continue to deliver scale and reach across markets. At the same time, our engagement with institutional and defence customers reflects the depth of our engineering capabilities and our ability to deliver in demanding and ever‑evolving environments.
FY2025–26 marks an unprecedented year in our journey, where consistent execution across quarters has translated into our strongest-ever financial performance. This has been driven by a clear focus on the segments where we believe we can lead and also create new segments, supported by improved operating leverage and a more balanced product mix.
As we look ahead, we remain focused on building the business with consistency and discipline. Staying closely aligned to customer needs, while continuing to strengthen our product, technology and innovation capabilities, will remain central to how we approach the next phase of growth.”
