Archive · 29 Sep 2025
Force Motors: India's Unsung Auto Player Eyes Growth
Force Motors is a car company that makes reliable vehicles like school buses, ambulances, and cars for the army.
They aren't as famous as other car companies but are super important for many things in India.
After some tough times, things are changing!
They're making more money, and investors are noticing.
They also build engines for fancy cars like BMW and Mercedes, which helps a lot.
Force Motors is trying new things, like electric vans, and they are getting a lot of attention now, so people are starting to realize how great they are.
Force Motors manufactures utility vehicles, ambulances, and vehicles for the defense sector.
The company assembles engines for Mercedes-Benz and BMW in India.
Revenue and profits have significantly increased in the last three years.
Demand for their vehicles, particularly ambulances and vans, is growing.
Force Motors is considered a potential 'hidden stock' in the auto industry.
- Who
- Force Motors, an Indian automobile manufacturer.
- What
- Force Motors is experiencing a turnaround, with increasing revenue, profits, and market recognition.
- When
- The turnaround has become noticeable in the last three years.
- Where
- India, with engine assembly for global luxury car brands.
- Why
- Increased demand for its vehicles, especially ambulances and vans, plus strong engine contracts, are fueling the growth.
- Founded
- 1958 by N. K. Firodia
- Core Business
- Utility vehicles, ambulances, defense vehicles, engine assembly
- Engine Assembly Partners
- Mercedes-Benz, BMW
- FY22 Revenue
- ₹3,240 crore
- TTM Revenue
- ₹8,484 crore
- Q1 FY26 Revenue
- ₹2,297 crore
- Q1 FY26 Net Profit (excl. items)
- ₹176 crore