Force Motors Limited has strengthened its board governance with the appointment of two distinguished Independent Directors, effective December 19, 2025. The automotive manufacturer announced these strategic appointments following recommendations from its Nomination and Remuneration Committee, demonstrating the company's commitment to enhanced corporate governance standards.

Board Appointments Overview

Force Motors has appointed two seasoned professionals, Gautam Hemant Bambawale and Nitin Nandkishor Kareer, to serve as Independent Directors for initial five-year terms. Both appointments are subject to shareholder approval and reflect the company's focus on bringing diverse expertise to its board.

Profile of New Independent Directors

Mr. Gautam Hemant Bambawale

Mr. Bambawale brings extensive diplomatic experience to the Force Motors board. As a retired Indian diplomat of the Indian Foreign Service, he served as Indian Ambassador to China from 2017 to 2018. His distinguished career includes:

• Former Indian High Commissioner to Pakistan
• India's first Consul General in Guangzhou, China
• Director of the Indian Cultural Centre, Berlin
• Joint Secretary for East Asia (2009-2014)
• Service in the Prime Minister's Office (2002-2004)

Mr. Nitin Nandkishor Kareer

Mr. Kareer is a retired Indian Administrative Service officer and former Chief Secretary of the Government of Maharashtra. His extensive experience in public administration and urban development includes:

• Expertise in urban development and land records management
• Public finance planning specialist
• Former District Collector of Sangli
• Director General of Information and Public Relations
• Commissioner of Pune Municipal Corporation
• Divisional Commissioner of Pune
• Principal Secretary to the Chief Minister
• Sales Tax Commissioner
• Inspector General of Registration and Settlement Commissioner

Regulatory Compliance

The appointments comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Force Motors has confirmed that both directors are not debarred from holding office by any SEBI order or other regulatory authority.

These strategic appointments position Force Motors to benefit from the extensive public service experience and diverse expertise of both new Independent Directors, potentially enhancing the company's governance framework and strategic decision-making capabilities.

Force Motors , a prominent player in the Indian automotive industry, has announced an ambitious expansion plan with a substantial capital expenditure of Rs 2,000 crore over the next three years. This strategic move aims to bolster the company's international presence, enhance production capabilities, and venture into the electric vehicle (EV) market.

Expansion Strategy

The debt-free automaker has outlined a multi-faceted approach to growth:

Financial Performance

Force Motors has reported a record-breaking quarterly profit, showcasing its strong financial position:

Strategic Focus

The company's strategy revolves around:

1. Global Footprint: Expanding beyond the current 20 international markets.
2. Production Upgrade: Enhancing manufacturing facilities to support growth.
3. Electric Vehicle Push: Developing EVs to align with global automotive trends.
4. Market Dominance: Maintaining its strong 70% market share in the Traveller segment.
5. Export Drive: Aiming for exports to contribute 20-30% of total volumes.

Business Direction

Force Motors is strategically focusing on shared mobility solutions rather than expanding into the passenger vehicle segment. This approach aligns with evolving transportation trends and urban mobility needs.

The company's substantial investment and clear strategic direction signal its commitment to growth and adaptation in a rapidly changing automotive landscape. By leveraging its strong market position and investing in future technologies, Force Motors is positioning itself for sustained success in both domestic and international markets.