Force Motors Limited · NSE:FORCEMOT
Force Motors — Q2 & H1 FY2026 Earnings Presentation
39 slides from Force Motors's earnings presentation, Nov 14, 2025
Slide 1: Stock exchange filing cover letter
FML: SEC: F-42 (16) 14th November, 2025 To, To, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No.C-1, G Block Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001. Mumbai 400 051. Scrip Code: 500033 NSE Symbol: FORCEMOT Su
Slide 2: Investor Presentation Q2 & H1 FY 2025-26
Investor Presentation Q2 & H1 FY 2025-26
Slide 3: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 4: Our Founder
Our Founder Shri Navalmal Kundanmal Firodia, a freedom fighter, Auto Rickshaw demonstrated to industrialist, and philanthropist was a visionary ahead India's first Prime Minister, Pandit of his time. Holding degrees in Science and Law, he Jawaharlal Nehru combined intellect with ethics, shaping his
Slide 5: Dr. Abhay Firodia Group of Companies
Dr. Abhay Firodia Group of Companies Enterprise value exceeding Four Billion US Dollars AKURDI PITHAMPUR LMG MANUFACTURING GMBH, GERMANY JAYA HIND INDUSTRIES 99.88% 100% PVT LTD URSE CHENNAI AKURDI PITHAMPUR FORCE MOTORS 61.5% 51% 49% LIMITED FORCE MTU POWER SYSTEMS PVT LTD CHAKAN CHENNAI (Force Mot
Slide 6: Over Six Decades Of Indo-German Collaboration
Over Six Decades Of Indo-German Collaboration Production Of Tempo Production of Production Of Production Of 3 -Wheeler ‘Hanseat’ Viking Petrol LCV Tempo Traveller Matador Diesel LSV Engine production for Joint Venture For Technical New Plant at Chakan MBIL & technical Production Of Collaboration For
Slide 7: Board Of Directors
03 6 Board Of Directors VALLABH BHANSHALI Independent Director DR. ABHAY FIRODIA Chairman, Force Motors Limited Group Chairman , Dr. Abhay Firodia Group of Companies MUKESH PATEL Independent Director PRASAN FIRODIA SONIA PRASHAR Managing Director Independent Director PRASHANT INAMDAR Executive Direc
Slide 8: Our Leadership
7 Our Leadership PRASHANT INAMDAR RISHI LUHARUKA Executive Director President & Group Chief Operations Financial Officer MAKARAND KANADE VIVEK GOSAIN President Engineering Vice President & Corporate Quality Manufacturing Engineering PRAVEEN KARNAVAT ANSHUL SAXENA President Strategic Vice President S
Slide 9: Vision Mission
8 Vision To be one of the world’s most preferred providers of shared passenger mobility solutions and rank among the top ten van manufacturers globally Misson Our goal is to provide safe, sustainable and reliable shared passenger mobility solutions that delight customers worldwide 06
Slide 10: Vehicle Business
Vehicle Business Light Commercial Vehicles Monobus Modular Utility Vehicles TRAVELLER TRAX URBANIA GURKHA 07
Slide 11: High-Tech Aggregate Business
High–Tech Aggregate Business Condense 6 Cylinder Engine 4 Cylinder Engine – Radiator Fan – Petrol & Diesel Petrol and Diesel Module 6 Cylinder Engine 4 Cylinder Engine – Axles – Petrol & Diesel Petrol and Diesel Series 1600 MTU Engines Series 1600 Diesel Generators 08
Slide 12: Vehicle Business
_—_ Vehicle Business
Slide 13: Light Commercial Vehicle Platform
Light Commercial Vehicle Platform Traveller School Bus Police Van Ambulance Delivery Van EV 01 Market leader in the segment with over 70% market share 03 Fastest growing School Bus Manufacturer Traveller is available for special applications, like: 02 India’s most preferred Ambulance maker 04 School
Slide 14: Light Commercial Vehicle Platform: All New Next Gen Mobility Platform
Light Commercial Vehicle Platform All New Next Gen Mobility Platform 01 Premium ground-up modular monocoque van 03 Available in 9+D, 10+D, 12+D, 13+D and 16+D variants platform for shared urban mobility 02 25 segment-first features in style, comfort, safety 04 With its superior comfort and safety, t
Slide 15: Monocoque Bus Platform
Monocoque Bus Platform 01 India’s first 31 & 44-seater monocoque bus 03 Monobus is a fully factory-built vehicle backed by a comprehensive warranty on the entire vehicle Best-in-class power-to-weight ratio and 02 unmatched fuel efficiency 04 Fully CED-coated bus body for long-lasting durability 11
Slide 16: Modular Multi-Utility Vehicle Platform
Modular Multi-Utility Vehicle Platform Trax Cruiser School Van Ambulance Jungle Safari Troop Carrier Delivery Van 01 Rugged & Reliable: High-strength steel chassis and 03 Versatile design: Adaptable across passenger, proven diesel engine for dependable performance cargo, ambulance, and special appli
Slide 17: Modular Multi-Utility Vehicle Platform
Modular Multi-Utility Vehicle Platform Civilian Application Special Application Defense Application 01 An iconic off road vehicle known for its all terrain capability & 03 Engineered for Off-Road : Front and rear diff locks, snorkel, endurance unmatched water wading and ground clearance for superior
Slide 18: Defense Presence
All Bofors Guns at our Defense Presence borders are powered by the Mercedes licensed OM 616 engine made by Force Motors The Light Strike Vehicles inducted by the Indian Army to conduct surgical strikes are built on Force Gurkha platform 14
Slide 19: 300+ Sales and Service Network
300+ Sales And Service Network pan India and growing 15
Slide 20: Export Presence
Export Presence In 25+ Countries 16
Slide 21: Vehicle Manufacturing Facilities
Vehicle Manufacturing Facilities
Slide 22: Plant Locations
Force Motors, Pithampur Plant Locations Force Motors - Akurdi, Force Motors, Chennai Force Motors - Chakan, Force MTU – Chakan, Pune Pune Pune 17
Slide 23: Force Motors, Pithampur
Force Motors, Pithampur The 300+ acre fully integrated mother plant oversees the complete end–to–end manufacturing process including stamping to body welding to painting and final assembly along with in house production of engines, gearboxes and axles Body Shop Robotic Paint Shop & Powertrain Final
Slide 24: Force Motors, Chennai
Force Motors, Chennai In 2015, Force Motors commissioned a dedicated engine assembly facility in Chennai for BMW India to manufacture engines and cooling modules for all BMW cars and SUVs made in India 19
Slide 25: Force Motors - Chakan, Pune
Force Motors - Chakan, Pune In 2016, Force Motors commissioned a dedicated facility in Chakan for Mercedes-Benz to manufacture engines and axles for all Mercedes-Benz cars and SUVs made in India 20
Slide 26: Force MTU Power Systems – Chakan, Pune
Force MTU Power Systems – Chakan, Pune Established in 2018, Force MTU Power Systems Pvt. Ltd. (FMTU) is a joint venture between Force Motors (51%) and Rolls-Royce Power Systems AG (49%). The FMTU facility in Chakan is the only manufacturing plant in the world producing Series 1600 engines and supply
Slide 27: Quality Certifications
Quality All Force Motors plants are certified by Certifications TUV for ISO, EMS, IATF and NABL. The Material Testing Laboratory and Standards Room at Force Motors have been certified by National Accreditation Board for Testing and Calibration Laboratories (NABL). Environment Quality ISO 14001 ISO 9
Slide 28: Impactful Initiatives
ns ® FORCE Impactful Initiatives om
Slide 29: Project Digiforce
Option 3 28 Project Digiforce Force Motors has launched Project Digiforce, CORE DEPLOYMENTS a ₹150 crore digital transformation initiative to - Next – gen CRM - DMS build a tech-driven, future-ready enterprise. This - HRMS, Telematics, Cybersecurity and two-year, organisation-wide program focuses RF
Slide 30: Project Lakshya
Human Resource Transformation Project Lakshya Program For A Future Ready Organization Force Motors launched Project Lakshya, a strategic HR transformation initiative designed to create a digitally empowered, agile, and leadership-driven organisation aligned with its long-term growth vision. ▪ Learni
Slide 31: Sustainability remains central to growth strategy
30 GHG Emissions: 22% reduction in intensity Emissions (Target: 50% by Sustainability remains central to Force Motors’ Avoided: 4x 2030) growth strategy. In 2024–25, the Company made improvement notable progress across key ESG priorities over the Training Hours: Sustainable previous year 18 per empl
Slide 32: Going Beyond
31 Going Beyond Enabling Access through Mobility Force Motors enhances healthcare and education Waterbody rejuvenation projects infrastructure by providing ambulances to hospitals and buses to schools, ensuring greater access and connectivity. Supporting Education We actively fund and support educat
Slide 33: Slide 33
Slide 34: Financial Highlights: Q2 / H1 FY26
FINANCIAL HIGHLIGHTS: Q2 / H1 FY26 PBT (₹ Cr.) PAT (₹ Cr.) SALES(₹ Cr.) Margin (%) Margin (%) Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y Y-o-Y Q-o-Q Y-o-Y Y-o-Y -10% 7% 14% 10% 46% 50% 89% 148% 105% 12% 14% 535 602 4,341 3,794 11% 17% 15% 7% 403 350 13% 2,279 11% 316 260 2,062 287 8% 1,927 7% 217 185 141 Q1' 26
Slide 35: Standalone Quarterly Performance (Sales ₹ Cr.)
Standalone Quarterly Performance ( Sales ₹ Cr.) QoQ Growth 2,340 2,279 2,062 1,995 1,927 1,866 1,874 1,786 1,676 1,474 1,477 1,292 1,250 962 Net Sale YoY Growth 51% 35% 68% 69% 53% 43% 30% 35% 27% 8% 12% 17% 22% 7% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 C
Slide 36: Standalone Quarterly Performance (PBT ₹ Cr.)
Standalone Quarterly Performance ( PBT ₹ Cr.) (BEFORE EXCEPTIONAL ITEM) 15% 11% 13% 11% 11% 10% PBT Margin% 9% 9% 8% 2% 8% -2% 316 5% 287 268 -1% 31 217 211 186 172 (7) 146 151 (19) 111 PBT YoY Growth 425% 88% 78 229% 676% 394% 2170% 170% 68% 44% 18% 27% 54% 46% -819% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q
Slide 37: Standalone Quarterly Performance (PAT ₹ Cr.)
Standalone Quarterly Performance ( PAT ₹ Cr.) (BEFORE EXCEPTIONAL ITEM) 17% PAT Margin% 7% 8% 7% 7% 6% 6% 350 2% 0% 6% 6% -1% 5% 3% 20 185 -5 174 PAT -13 141 137 120 110 98 95 72 89% 51 YoY Growth -909% 437% 227% 674% 392% 2187% 170% 66% 43% 16% 28% 55% 148% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24
Slide 38: Standalone Performance (Annualized ROIC%)
Standalone Performance (Annualized ROIC%) 506 376 Operating 132 124 102 94 56 11 PAT -128 -108 2,843 2,684 2,728 2,702 2,377 2,194 2,193 1,856 1,788 Invested Capital 1,493 ROIC% 8.86% 6.68% 5.72% 4.29% 2.54% -5.39% -4.01% 0.40% 14.02% 17.81% FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 2
Slide 39: Thank You
Investor Presentation Thank You For further queries, contact: Email- compliance-officer@forcemotors.com Company website: www.forcemotors.com