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Force Motors, known for its shared mobility solutions, is gearing up to expand its presence in global markets and defence segment having consolidated its position in India by narrowing down on focus areas for profitable growth, according to Managing Director Prasan Firodia. The Pune-based automaker, which has been debt free for two quarters now, has earmarked about Rs 2,000 crore capex for three years to bolster digitisation, modernise and enhance production facilities, enhance sales infrastructure and roll out electric products. In an interaction with PTI, Firodia stated that the company remains focussed on its core business of catering to shared mobility solutions with range of light commercial vehicles and multi utility vehicles -- Traveller and Urbania platforms among others, for sectors like education, health, tourism. Besides, the company is eyeing aggressive growth in the defence segment, he added. "We are now sitting in excess of 70 per cent market share in the Traveller ..
Force Motors on Wednesday reported a 53 per cent increase in consolidated net profit to Rs 278 crore for the first quarter ended June 30, 2025, on the back of robust sales growth. The Pune-based automaker reported a consolidated net profit of Rs 182 crore for the April-June quarter of last year. Revenue from operations rose to Rs 2,297 crore in the first quarter as against Rs 1,885 crore in the year-ago period, Force Motors said in a statement. "This growth can be attributed to our consistent focus on meeting customer expectations, capitalising on domestic momentum, and improving internal efficiencies," Force Motors MD Prasan Firodia said. The continued trust of customers and the unwavering effort put in by teams have been pivotal to this success, he added. "With positive indicators in the domestic market, we remain optimistic about sustaining growth in the coming quarters. Our investments in innovation, reliability, and expanding our dealer network will further strengthen our mar
Force Motors Ltd on Thursday said it has bagged an order for the supply of 2,429 units of ambulances to the Medical Health and Family Welfare Department, Uttar Pradesh. In a regulatory filing, the company said the order is for supply of 2,429 units of BS-VI diesel ambulance to the department. The order is to be executed between December 2024 and March 2025, it said without disclosing the value of the order. The company in a statement later said that the UP-Government Health Department's decision to procure 2429 ambulances from Force Motors underscores the state's commitment to strengthening its healthcare infrastructure. These vehicles will play a pivotal role in enhancing emergency response capabilities and ensuring timely medical assistance for millions of residents across urban and rural areas, the company said. These vehicles are available in multiple configurations, including patient transport, basic life support (BLS), advanced life support (ALS), and mobile medical unit (MMU