Shares of Force Motors surged 4 percent to a fresh record high of Rs 12,838 on June 5 after the automaker reported robust sales figures for May 2025.
Over the past one month, Force Motors clocked a sharp 23 percent gain, significantly outperforming the 1 percent rise in the benchmark Nifty 50 index.
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According to company data, total sales rose 19.14 percent year-on-year (Y-o-Y) to 3,088 units in May 2025, compared to 2,592 units in May 2024. The growth was primarily driven by strong domestic performance across segments like small and light commercial vehicles (SCVs and LCVs), utility vehicles (UVs), and sport utility vehicles (SUVs). Domestic sales jumped 24.46 percent Y-o-Y to 3,002 units, up from 2,412 units a year ago.
However, exports fell sharply by 52.22 percent Y-o-Y to 86 units, down from 180 units in May 2024.
Adding to recent positive sentiment, Force Motors entered into a strategic partnership with UAE-based luxury carmaker W Motors. A non-binding Memorandum of Understanding (MoU) was signed at the “Make it in the Emirates” forum held in Abu Dhabi, outlining plans for future collaboration.
The bullish outlook is further supported by the company’s strong fourth-quarter earnings. Consolidated net profit rose to Rs 435 crore, more than triple the Rs 140 crore profit recorded in the same period last year. The increase was driven by robust demand for its multi-seater vans, which are widely used for public transport, ambulances, and school buses, along with a significant one-time gain.
Revenue from operations grew 17.1 percent to Rs 2,356 crore, while total expenses rose 16 percent to Rs 2,106 crore, led by a 11.7 percent increase in material costs.
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