Pune, 28th October 2026: Force Motors Limited, India’s largest van manufacturer and a leading player in shared and specialised mobility solutions, today announced its financial results for the quarter and half year ended September 30th 2026.
The Company delivered a strong performance in Q2 and H1 FY2026–27, with sales momentum strengthening significantly over the course of the quarter. The transition to the new Traveller N Range and Urbania Deluxe, undertaken as part of the Company’s strategy to continuously refresh and strengthen its product portfolio, required a period of operational realignment in the initial months of the year. Leveraging its strong manufacturing capabilities, integrated operations and execution strengths, Force Motors successfully navigated this transition, with volumes gaining significant momentum in the subsequent months.
Key Financial Highlights: (Standalone)
Operational Highlights
- Strong H1 sales momentum: Total sales volumes in H1 FY2026–27 grew 23% compared with H1 FY2025–26, reflecting strong momentum across the Company’s key product segments.
- The new Force Traveller N Range and Urbania Deluxe have received an encouraging response from the market, with strong customer interest and a healthy order pipeline, reinforcing Force Motors’ position across the shared mobility segment
- Strong performance across portfolio: Demand remained healthy across the Company's core product portfolio, including the Traveller N Range, Urbania Deluxe, Trax, Monobus and specialised vehicles.
- Zero-debt balance sheet: The Company continues to maintain a zero-debt position, providing a strong financial foundation for continued investments in products, manufacturing capacity and market expansion.
Commenting on the performance, Mr. Prasan Firodia, Managing Director, Force Motors Limited, said, “The first half of FY2026–27 has been a period of transition and renewed momentum for Force Motors. The complete transition to the new Traveller N Range and the launch of the Urbania Deluxe marked important steps in strengthening our product portfolio. While this involved a period of operational adjustment, our strong manufacturing capabilities and the efforts of our teams helped us regain momentum, with volumes picking up significantly over the last two months.
The response to both new products has been encouraging, and with a healthy order pipeline as we approach the festive season, we are optimistic about the months ahead. We also look forward to expanding our electric mobility offerings with the launch of the Traveller EV range, as we continue to develop solutions aligned with evolving customer needs.
We are also investing for the long term. Our planned investment of approximately ₹3,000 crore will help strengthen our manufacturing capabilities, expand capacity and support our ambition of nearly doubling our output to around 80,000 vehicles. Alongside this, initiatives such as Project DigiForce are helping us improve customer engagement, strengthen our dealer network and make our operations more efficient.
Ultimately, these investments are about building a stronger organisation that can respond better to customer needs and sustain growth over the years. As we enter the second half, our focus remains on meeting demand, building on the response to our new products and continuing to strengthen the business for the future.”
