Force Motors reports its strongest Q3 in FY26 with record profits, rising domestic sales, export growth, and strong demand for Traveller, Urbania, buses and defence vehicles.
Key points
- Products Driving Growth
- Leadership Speaks
- Board Strengthened With Experts
- Focus on Mobility Solutions
- Optimistic Outlook
Force Motors had a very good third quarter. Revenue reached Rs 2,155 crore, 13% more than last year. EBITDA grew to Rs 401 crore, 63% higher. Profit after tax (PAT) was Rs 403 crore, up 266% YoY. Before special items, PBT was Rs 328 crore, up 91%.
This growth happened because people bought more Force Urbania, Traveller, Gurkha, Monobus and Trax vehicles. Domestic sales increased 25% YoY. Exports of vans, buses and special vehicles grew 30% YoY. Force Motors stayed debt-free.
Products Driving Growth
Table of Contents
| 1. Products Driving Growth |
| 2. Leadership Speaks |
| 3. Board Strengthened With Experts |
| 4. Focus on Mobility Solutions |
| 5. Optimistic Outlook |
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Force Traveller kept its strong position with more than 70% market share. Revenue for the first nine months of FY26 was Rs 6,583 crore, up 14% YoY. EBITDA was Rs 1,145 crore, up 43%. PAT grew 153% to Rs 938 crore.
Vehicles like Force Urbania and Monobus were very popular. Buyers liked their comfort and reliability.
Leadership Speaks
Prasan Firodia, MD of Force Motors said, “The Q3 results show steady demand across our products. Shared mobility, defence vehicles and exports helped a lot. Dealer enquiries are strong. We see good demand going into Q4.”
He added, “We are confident to finish FY26 on a strong note. Government support for infrastructure and manufacturing also helps our growth.”
Board Strengthened With Experts
Three new independent directors joined the board. Gautam Bambawale brings global experience. Nitin Kareer adds knowledge of governance and finance. Lt. Gen. Vinod Khandare (Retd.) provides leadership and defence expertise. Their advice will help plan long-term.
Focus on Mobility Solutions
Force Motors is known for Force Buses, Force Traveller Vans, vans and maxi cabs. The company focuses on shared mobility, defence applications and exports. Exports go to Middle East, Asia, Latin America and Africa.
Optimistic Outlook
Force Motors is positive for the rest of FY26. Strong demand for buses, vans and Traveller vehicles continues. Fleet operators, institutions and customers look for reliable vehicles. Force Motors delivers that.
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Frequently Asked Questions on Commercial Vehicles
1. What made Force Motors’ Q3 FY26 performance strong?
Ans: Higher vehicle sales, strong domestic demand, export growth, and popular models like Traveller and Urbania drove the strong Q3 results.
2. How much revenue did Force Motors earn in Q3 FY26?
Ans: Force Motors reported revenue of Rs 2,155 crore in the third quarter of FY26.
3. Which products contributed most to the growth?
Ans: Force Traveller, Urbania, Monobus, Gurkha and Trax vehicles contributed significantly to the growth.
4. What is the outlook of Force Motors for FY26?
Ans: The company is positive about FY26 due to strong demand, dealer enquiries, and support from infrastructure and manufacturing growth.
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