Force Motors recorded a significant leap in monthly sales volume for September 2026, with total units sold rising 57.13% year-on-year to 4,101 units. This growth was primarily fueled by a robust recovery in domestic demand, which more than offset a sharp contraction in export volumes.

The company’s domestic sales reached 4,027 units, marking a 61.99% increase compared to the 2,486 units sold in the same month last year. This substantial uptick highlights strengthening consumer and commercial vehicle demand within the Indian market during the festive season period.

Export performance faces headwinds

While domestic operations showed strong momentum, the export segment struggled with a notable decline. Sales from international markets dropped to 74 units in September 2026, down from 124 units in September 2025. This represents a 40.32% decrease, indicating potential softness in overseas demand or logistical challenges affecting outbound shipments.

What the Numbers Show

The divergence between domestic and export performance underscores a heavy reliance on the home market for current growth trajectories. Domestic sales now constitute approximately 98.2% of Force Motors' total monthly volume, up from roughly 95.2% in the previous year. This concentration suggests that while the core business is expanding rapidly, the company’s overall top-line resilience is increasingly tied to domestic economic conditions rather than global diversification.

Monthly sales breakdown

Note: Data covers Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV).

The filing was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the preliminary nature of these operational metrics.

Force Motors board approved the removal of transferability restrictions on specific unlisted equity shares during its meeting on September 25, 2026. The proposal covers 27,600 "A" equity shares and 1,15,748 "Second A" equity shares held by shareholders in physical mode.

The approval is subject to consent from shareholders holding these specific classes and other regulatory approvals, if required. The company clarified that these shares are currently not listed on the BSE or NSE, where its main equity shares are traded.

Regulatory Context

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows an earlier intimation submitted on September 21, 2026, under Regulation 29, which noted that rights associated with these share classes were being varied under Section 48 of the Companies Act, 2013.

Board Meeting Details

The Board of Directors meeting commenced at 3:33 pm and concluded at 3:50 pm on September 25, 2026. Rohan Sampat, Company Secretary & Compliance Officer, signed the filing confirming the board's decision.