Ad
Ad
Key Highlights:
Force Motors Ltd (FML), headquartered in Pune and known for its Traveller and Trax Utility vehicles, posted a net profit of Rs 115.73 crore in the first quarter of FY25, up from Rs 68.59 crore in the first quarter of FY24. The company's operating revenue was Rs 1884.90 crore in Q1FY25, compared to Rs 1487.55 crore in Q1FY24.
The development comes as the company's top management previously stated that they intend to extend the company's outstanding FY22 and FY23 performance for at least two more years (FY24 and FY25), backed by over 40% growth in its total business.
Force Motors, like the majority of its competitors, recovered strongly after suffering obstacles from the pandemic and related lockdowns.
During the affected period, the commercial vehicle industry, particularly school buses, employee transportation, and tourism, was severely damaged. Force Motors' business has been gradually increasing since the fourth quarter of FY20-23.
Force Motors, an Indian automaker, has been a major player in the country's automotive sector since 1958. N.K. Firodia founded the company, which initially focused on light commercial vehicles but has recently expanded its portfolio.
Their primary brands are the rugged Gurkha SUV, the popular Traveller minibus series, and the versatile Trax multi-utility vehicles.
Force Motors has also made an impact in the agriculture industry with their tractor production. The company's collaborations with global automotive huge companies like as Mercedes-Benz and BMW for engine and axle manufacturing have improved its image.
Force Motors, known for building rugged and dependable automobiles, has a significant presence in rural and semi-urban regions, constantly adjusting to changing consumer demands.
Also Read: Ashok Leyland bags largest order for 2,104 fully built buses from MSRTC
CMV360 Says
Force Motors' strong performance in Q1FY25 is a positive sign, showing their ability to bounce back after tough times. However, maintaining such high growth rates may be challenging as the market conditions change.
Jupiter Electric Mobility Aims for 1 Lakh EVs in Five Years with focus on LCV market
The company aims to introduce 2-tonne and 3-tonne electric trucks by the end of the year, further strengthening its presence in urban logistics and last-mile delivery....
13-Mar-25 11:17 AM
Read Full NewsNueGo Unveils Electric Buses for Comfortable and Eco-Friendly Travel
The buses come with advanced safety features like ABS brakes, electronic stability control (ESC), full air suspension with electronically controlled air suspension (ECAS)...
13-Mar-25 08:20 AM
Read Full NewsDelhi EV Policy 2.0: Government Plans 95% Electric Vehicle Registrations by 2027
Fast-charging corridors will be set up along major roads like the Ring Road and Outer Ring Road to make EV charging easily available across the city....
12-Mar-25 12:07 PM
Read Full NewsSML ISUZU Secures New Order for 114 Troop Carriers from Indian Air Force
According to the contract, SML ISUZU will deliver troop carriers with a 20-seat capacity between March 11 and July 9, 2025....
12-Mar-25 09:33 AM
Read Full NewsMontra Electric Opens New e-SCV Manufacturing Plant in Ponneri, Chennai
The new manufacturing plant in Chennai will mainly manufacture EVIATOR. The EVIATOR offers an industry-certified range of 245 km....
12-Mar-25 08:00 AM
Read Full NewsBajaj Auto Delivers 51 GoGo Electric Three-Wheelers in Lucknow
The Bajaj GoGo electric three-wheelers offers a certified range of up to 251 km on a single charge...
12-Mar-25 05:56 AM
Read Full NewsAd
Ad
Top 10 Truck Spare Parts Every Owner Should Know
13-Mar-2025
Top 5 Maintenance Tips for Buses in India 2025
10-Mar-2025
How to Improve Electric Truck Battery Range: Tips & Tricks
05-Mar-2025
Top 5 Tata Signa Trucks in India 2025
03-Mar-2025
Re.Wi.Re by Tata Motors: Smart Way to Dispose of Your Old Vehicle
27-Feb-2025
Best 5 Features of Tata 712 SFC Truck in India
24-Feb-2025
View All articles
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
Join CMV360
Receive pricing updates, buying tips & more!
Follow Us
COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360
CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.
We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.