Force Motors March sales rise over 14% on strong domestic demand

Force Motors Ltd reported a strong uptick in March sales, driven largely by robust domestic demand, even as export volumes remained under pressure.

Total sales for March rose 14.4% year-on-year to 4,126 units, compared with 3,606 units in the same period last year. Domestic sales across small commercial vehicles, light commercial vehicles, utility vehicles and sports utility vehicles were the key driver of growth.

Export volumes, however, declined sharply by over 22% to 73 units from 94 units a year ago, with the company attributing the weakness to ongoing geopolitical tensions, particularly in the Middle East.

Including exports, total sales stood at 4,199 units in March, marking a 13.5% increase from 3,700 units in the year-ago period.

The latest update follows a steady performance in recent months. In February, the company reported an 8% rise in total sales, supported by healthy domestic demand, although exports had remained subdued.

In the December quarter, Force Motors delivered a sharp improvement in profitability, with net profit rising significantly on the back of stronger operating performance and a one-time gain. Revenue growth and margin expansion reflected improved demand conditions and better cost efficiencies.

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The March sales figures indicate continued momentum in the domestic market, even as external headwinds weigh on export performance.

Shares of Force Motors Ltd had closed at ₹20,850, up 7.45% on the NSE ahead of the announcement.