Force Motors Announces CFO Transition: Rishi Luharuka to Succeed Sanjay Kumar Bohra Jun 09, 2025
Force Motors announced the resignation of Sanjay Kumar Bohra from his position as Chief Financial Officer. The company has appointed Rishi Luharuka as the new Group CFO and Key Managerial Person. Luharuka will be responsible for overseeing the company's financial operations, strategy, and reporting, playing a crucial role in decision-making processes and corporate governance.
Force Motors Reports 19% Surge in May Sales Jun 05, 2025
Force Motors Reports 19% Sales Growth in May Jun 04, 2025
Force Motors Reports Impressive Q4 FY25 Results with 210% Surge in Net Profit Apr 28, 2025
More news about Force Motors
25Apr 25
Force Motors Reports Exceptional Q4 FY24 Performance with 210% Profit Surge and Announces ₹40 Dividend
Force Motors has reported a consolidated net profit of ₹434.70 crore for Q4 FY24, marking a 210% increase year-over-year. Revenue from operations grew by 17.1% to ₹2,356.00 crore. EBITDA rose by 18.2% to ₹329.30 crore, with a slight improvement in EBITDA margin to 14.00%. The company has recommended a dividend of ₹40 per equity share for FY 2023-24.
29Mar 25
Force Motors Secures Major Defence Order: 2,978 Vehicles for Indian Army and Air Force
Force Motors has received an order for 2,978 specialized vehicles from the Indian Army and Air Force. The vehicles are tailored to meet the operational requirements of the defence forces. This order strengthens Force Motors' position in the defence sector and demonstrates the trust of Indian defence forces in the company's manufacturing capabilities. While financial details are undisclosed, the order is expected to positively impact Force Motors' order book and revenue stream.
Mahindra and Force Motors Secure Major Defence Contracts for Light Vehicles
Mahindra and Mahindra Limited (M&M) and Force Motors Limited have been awarded significant contracts by the Indian government for light vehicle supply. The total contract is valued at ₹250.00 billion for 5,000 vehicles. Force Motors will supply 2,978 Force Gurkha light vehicles to the Indian Defence Forces, to be delivered over a maximum period of 3 years. This development is seen as a boost to India's 'Make in India' initiative and the domestic automotive sector.
04Mar 25
Force Motors Roars Ahead: 48.81% Surge in Domestic Sales for February 2025
Force Motors Limited achieved a 48.81% year-over-year growth in domestic sales for February 2025, selling 3,521 units compared to 2,366 units in February 2024. The increase was partly driven by a large order from the Uttar Pradesh Government, with 1,033 vehicles delivered against a 2,429-unit order. While domestic sales soared, exports declined by 16.84%. Overall sales, including exports, reached 3,600 units, marking a 46.28% increase from the previous year. The company has discontinued its Tractor Business as of March 31, 2024.