FM: SEC: F-43A (XIII) 7th August, 2026

Company Overview & History

The presentation details the legacy of founder Shri Navalmal Kundanmal Firodia (1910-1997), a freedom fighter and industrialist who established Jaya Hind Industries in 1948. He is credited with introducing the auto rickshaw and the three-wheeler Tempo. Force Motors was founded in 1958 and continues this legacy. The Dr. Abhay Firodia Group of Companies has an enterprise value exceeding ₹46,000 crores.

Leadership & Governance

The Board of Directors is listed as:

  • Dr. Abhay Firodia (Chairman)
  • Prasan Firodia (Managing Director)
  • Vallabh Bhanshali (Independent Director)
  • Mukesh Patel (Independent Director)
  • Sonia Prashar (Independent Director)
  • Nitin Kareer (Independent Director)
  • Vinod Khandare (Independent Director)
  • Prashant Inamdar (Executive Director - Operations)

The leadership team also includes Rishi Luharuka (President & Group CFO), Praveen Karnavat (President R&D and Strategic Sourcing), Vivek Gosain (VP Manufacturing Engineering), and Anshul Saxena (VP Corporate Strategy).

Business Segments & Market Position

The company operates a Vehicle Business and a High-Tech Aggregate Business.

Light Commercial Vehicle (LCV) Platform:

  • Market leader in its segment with over 70% market share.
  • India's most preferred ambulance maker.
  • The fastest-growing school bus manufacturer.
  • The Traveller model is available for special applications like school buses, ambulances, delivery vans, and troop carriers.
  • The new Force Traveller N range offers a car-like cockpit, enhanced NVH, a new HVAC, redesigned seats, a new front fascia, and a more refined customer experience.

Monocoque Bus Platform (Urbania):

  • A premium, ground-up modular monocoque van platform for shared urban mobility.
  • Available in 9+D, 10+D, 12+D, 13+D, and 16+D variants.
  • Features 25 segment-first features in style, comfort, safety, and convenience.
  • Positioned as a segment creator in premium shared mobility in India.

Modular Multi-Utility Vehicle Platform (Gurkha):

  • An iconic off-road vehicle known for all-terrain capability and endurance.
  • Features a high-torque engine, front and rear diff locks, a snorkel, and high water wading capability.
  • Caters to lifestyle and specialized users.
  • Notably, all Bofors guns at India's borders are powered by the Mercedes-licensed OM 616 engine made by Force Motors.

Operations & Manufacturing

  • Sales and Service Network: Pan India and growing.
  • Export Presence: In 25+ countries.
  • Plant Locations:
  • Pithampur (300+ acres): A fully integrated mother plant overseeing stamping, body welding, painting, final assembly, and in-house production of engines, gearboxes, and axles.
  • Chennai: A dedicated engine assembly facility commissioned in 2015 for BMW India.
  • Chakan, Pune: A dedicated facility commissioned in 2016 for Mercedes-Benz to manufacture engines and axles.
  • Joint Venture - Force MTU Power Systems, Chakan: Established in 2018 as a JV between Force Motors (51%) and Rolls-Royce Power Systems AG (49%). It is the only plant in the world producing Series 1600 engines for global markets.
  • Quality Certifications: All plants are certified by TÜV for ISO 9001, IATF 16949, ISO 14001, and ISO 45001. The Material Testing Lab and Standards Room are NABL certified.

Strategic Initiatives

  • Project Digiforce: A ₹150 crore digital transformation initiative to build a tech-driven enterprise over two years. It focuses on digitizing sales, service, marketing, dealer operations, and core functions, integrating 200+ dealerships and 70 service centers using AI/ML-powered cloud platforms.
  • Project Lakshya: A strategic HR transformation initiative focused on learning & development, employee engagement, digital capability building, and culture shift. The company has partnered with SP Jain School of Global Management for leadership programmes.

Corporate Social Responsibility (CSR)

Initiatives include:

  • Donating school buses and ambulances to enhance education and healthcare access.
  • Funding and supporting educational institutions.
  • Waterbody rejuvenation projects to restore natural ecosystems and improve rural livelihoods.

Standalone Financial Performance for Q1 FY27 (₹ Crore)

| Metric | Q1 FY27 (3M 27) | Q1 FY26 (3M 26) | Growth | CAGR (3 Yr) | CAGR (6 Yr) | CAGR (10 Yr) |

| Sales | 2,417 | 2,279 | 6.0% | 21.7% | 19.7% | 11.6% |

| PBT | 289 | 287 | 1.0% | 151.1% | 56.5% | 18.0% |

| PAT | 212 | 185 | 14.0% | 99.7% | 65.9% | 21.1% |

Additional Financial Metrics

  • The presentation includes charts for Annualized ROIC% and Cash Flow from Operations & Capex, though specific numerical values for these metrics are not provided in the text.

Compliance & Contact Information

The presentation was uploaded to the company's website at www.forcemotors.com. For further queries, contact compliance-officer@forcemotors.com.