Latest news with #ForceMotors
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Business Standard
12-06-2025
- Automotive
- Business Standard
Force Motors zooms 106% in 5 months. What's driving stock to hit new high?
Force Motors share price today Shares of Force Motors hit a new high of ₹13,145.70, as they rallied 9 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market owing to a healthy business outlook. The stock price of this smallcap automobile company surpassed its previous high of ₹12,902.95 touched on June 6, 2025. At 01:17 PM; Force Motors quoted 8 per cent higher at ₹13,120.45, as compared to 0.4 per cent decline in the BSE Sensex. In the past five months, the market price of the company more-than-doubled or zoomed 106 per cent from a level of ₹6,384 on January 13, 2025. What's driving Force Motors stock price? Since March 27, 2025, the stock price of Force Motors has appreciated by nearly 50 per cent after the company in an exchange filing said it has to deliver 2,978 Force Gurkha light vehicles (GS 4X4 800 kg Soft Top) to the Indian Defence Forces. These vehicles are tailored to meet the diverse operational requirements of both the Indian Army and the Indian Air Force, showcasing Force Motors' capability to deliver mission-ready vehicles designed to perform in demanding defence environments, Force Motors said. Force Motors has been catering to the defence sector for many years through its Gurkha LSV (Light Strike Vehicle) , a vehicle renowned for its durability, off-road prowess, and adaptability. Force Motors records exceptional income of ₹394.57 crore in Q4 In the January to March 2025 quarter (Q4FY25), Force Motors reported an exceptional income of ₹394.57 crore, being government Incentives, as per the Madhya Pradesh Industrial Investment Promotion Assistance Scheme, 2010, recognised on the basis of sanctioned orders dated February 21, 2025, and received in March, 2025, for FY 2022-23 and FY 2023-24. Out of the said sanctioned amount of ₹394.57 crore, Force Motors said the company received disbursement amounting to ₹294.57 crore. Defence sector outlook Defence Secretary Rajesh Kumar Singh has said that contracts worth around ₹2 trillion are expected to be signed in FY26, aiming to match FY25's record contract value of ₹2.09 trillion crore. Of the 193 contracts signed in FY25, 92 per cent were awarded to Indian firms, reaffirming self-reliance and its preference for domestic manufacturing. Singh emphasized that imports should be rare, with technology transfer and Indian production being the norm - even for foreign OEMs seeking Indian contracts. ICICI Securities in note said that the brokerage firm also believes that total defence contracts during FY26 will easily touch ₹2 trillion or may surpass this value, considering that some large scale contracts are in advanced stages and likely to be placed this year. About Force Motors Founded in 1958, Force Motors began its journey with an aim to provide affordable, reliable, and efficient transportation to the masses. Today, it stands as a fully integrated automobile company, specialising in the engineering, development, and manufacture of vehicles, aggregates, and components. Force Motors' formidable product range spans light commercial vehicles and multi-utility vehicles, and its export presence extends to the Middle East and Gulf region, Asia, Latin America, and Africa. Mercedes-Benz and BMW assigned Force Motors the responsibility of producing and testing engines for all cars and SUVs manufactured in India. Every Mercedes-Benz vehicle made in India is powered by an engine produced at Force Motors in Chakan Pune.
Hindustan Times
10-06-2025
- Automotive
- Hindustan Times
BMW and Force Motors celebrate roll out of 1 lakh engines from Chennai plant
The milestone engine was used in a BMW X5, with key dignitaries present for the commemorative event. Check Offers Force Motors in partnership with BMW have announced that they have just produced 1 lakh engines at their engine assembly plant located in Chennai. The 1,00,000th engine was used in a BMW X5. This landmark emphasises on the success of a decade-long partnership of the brands. The commemorative roll-out was carried out in the presence of dignitaries from both Force Motors Ltd. as well as the BMW Group, namely Mr. Marcus Wollens, Vice President, BMW-Production Network 2, BMW AG & Mr. Thomas Dose, Managing Director, BMW Group Plant Chennai, along with Mr. Prasan Firodia, Managing Director, Force Motors Ltd. Founded in 2015, the Chennai facility was created solely for the production of engines for the complete lineup of BMW vehicles manufactured in India. Equipped with state-of-the-art automated production lines, rigorous quality assurance measures, digitally integrated processes, and a workforce of highly skilled professionals, the Chennai facility adheres to BMW Group's international manufacturing standards while making a substantial contribution to its operations in India. Throughout the years, it has evolved into an essential component of BMW Group's localization strategy, facilitating the smooth integration of global excellence with local expertise. Also Read : Force Gurkha to be inducted into Indian Defence Forces with order for 2,978 units Mr. Marcus Wollens, Vice President, BMW Production Network 2, BMW AG said, "We are thrilled to celebrate roll-out of the 100,000th BMW engine at Force Motors Chennai Plant which is result of a decade of outstanding partnership and dedication. Our engines stand for excellent engineering, innovative technology and high performance. This partnership reinforces BMW Group's commitment to deliver world-class products in India. The 100,000th engine milestone stands as a testament to our shared vision and exemplifies the robust Indo-German synergy that continues to thrive." Also sharing his views on the occasion, Mr. Prasan Firodia, Managing Director of Force Motors Ltd. added, 'This year marks a decade that the Force Motors' state-of-the-art engine assembly plant in Chennai has been in operation and it gives us immense pleasure to be able to celebrate this significant roll-out of the 100,000th engine. We are honoured to be a trusted and strategic partner to BMW Group in India, and this milestone stands testimony to the commitment, precision, and quality that this collaboration resonates. 'As BMW Group India continues to expand its presence, Force Motors remains committed to supporting its growth through best-in-class manufacturing, operational excellence and in playing a role in making world-class automotive components in India," he concluded. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 10 Jun 2025, 13:02 PM IST
NDTV
10-06-2025
- Automotive
- NDTV
BMW And Force Motors Roll Out 1 Lakh Engines From Chennai Plant
Force Motors, in partnership with BMW Group India, has announced a new milestone of producing 1 lakh engines from its engine assembly plant in Chennai. The 1,00,000th unit rolled out of the plant will be employed on a BMW X5. It is to be noted that both manufacturers have had a decade-long partnership to achieve the goal. The roll out of the landmark unit was carried out in the presence of representatives from both Force Motors Ltd. and BMW Group, namely Marcus Wollens, Vice President, BMW-Production Network 2, BMW AG & Thomas Dose, Managing Director, BMW Group Plant Chennai, along with Prasan Firodia, Managing Director, Force Motors Ltd. Also Read: Hardeep Singh Brar Exits Kia India- Likely To Join BMW Group? The Chennai facility, established in 2015, focuses on the production of engines for the complete range of BMW vehicles manufactured in India. It features advanced automated production lines, and digitally integrated processes. The facility complies with BMW Group's international manufacturing standards and plays a significant role in the company's operations in India. Over time, it has become a key element of BMW Group's localization strategy, enabling the integration of global standards with local capabilities. Marcus Wollens, Vice President, BMW Production Network 2, BMW AG said, "We are thrilled to celebrate the roll-out of the 100,000th BMW engine at Force Motors Chennai Plant which is result of a decade of outstanding partnership and dedication. Our engines stand for excellent engineering, innovative technology and high performance. This partnership reinforces BMW Group's commitment to deliver world-class products in India. The 100,000th engine milestone stands as a testament to our shared vision and exemplifies the robust Indo-German synergy that continues to thrive." Also sharing his views on the occasion, Prasan Firodia, Managing Director of Force Motors Ltd. added, 'This year marks a decade that the Force Motors' state-of-the-art engine assembly plant in Chennai has been in operation and it gives us immense pleasure to be able to celebrate this significant roll-out of the 100,000th engine. We are honoured to be a trusted and strategic partner to BMW Group in India, and this milestone stands testimony to the commitment, precision, and quality that this collaboration resonates."
Time of India
10-06-2025
- Automotive
- Time of India
Force Motors and BMW Group India mark 100,000th engine roll-out
Force Motors and BMW Group India announced the roll-out of the 100,000th engine from their engine assembly facility in Chennai. The engine was fitted into a BMW X5. The ceremony was attended by Marcus Wollens, Vice President, BMW Production Network 2, BMW AG; Thomas Dose, Managing Director, BMW Group Plant Chennai; and Prasan Firodia, Managing Director, Force Motors Ltd. The Chennai facility, established in 2015 to manufacture engines for locally produced BMW models, operates automated lines under strict quality controls and forms part of BMW Group's localisation strategy in India. Indo-German partnership in focus Marcus Wollens said, 'We are thrilled to celebrate the roll-out of the 100,000th BMW engine at Force Motors Chennai Plant which is result of a decade of outstanding partnership and dedication. Our engines stand for excellent engineering, innovative technology and high performance. This partnership reinforces BMW Group's commitment to deliver world-class products in India. The 100,000th engine milestone stands as a testament to our shared vision and exemplifies the robust Indo-German synergy that continues to thrive.' Thomas Dose commented, 'BMW Group Plant Chennai takes pride in producing cars that meet the same quality standards as any of the BMW Group production and assembly facilities worldwide. Our valuable partnership with Force Motors sets higher benchmarks not only in quality standards but also in our steadfast commitment to ' Make in India ' and localisation. The roll-out of 100,000th engine is a proud moment that reflects the strength of our robust cooperation with Force Motors.' Prasan Firodia added, 'This year marks a decade that the Force Motors' engine assembly plant in Chennai has been in operation and it gives us immense pleasure to be able to celebrate this significant roll-out of the 100,000th engine. We are honoured to be a trusted and strategic partner to BMW Group in India, and this milestone stands testimony to the commitment, precision, and quality that this collaboration resonates.' The collaboration between BMW Group India and Force Motors illustrates the potential of Indo-German industrial cooperation and supports India's goal of building automotive components locally.
Business Standard
10-06-2025
- Automotive
- Business Standard
Force Motors gains on appointing Rishi Luharuka as CFO
Force Motors added 1.74% to Rs 12,365.90 after the company's board approved the appointment of Rishi Luharuka as the chief financial officer (CFO), designated as group CFO, with effect from 10 June 2025. Sanjay Kumar Bohra has resigned as chief financial officer (CFO) with effect from 9 June 2025. Rishi Luharuka is a qualified Chartered Accountant (CA) and Chartered Financial Analyst (CFA) and has undergone the Oxford Advanced Management Leadership Program from Said Business School in UK. He has extensive working knowledge of more than 23 years in the automotive components, mining & construction and garment industry. He is a strong finance professional skilled in leadership, change management, business partnership, investor & board relationship, finance shared service, treasury & banking, taxation, financial planning & analysis, internal financial controls, legal & statutory compliances, forex management, costing and all accounting and audit functions. Force Motors is engaged in manufacturing light commercial vehicles, utility vehicles, and engines. It is an automobile company with a focus on the design, development, and manufacture of a range of automotive components, aggregates, and vehicles. The company reported a 209.9% surge in consolidated net profit to Rs 434.71 crore on a 17.1% rise in revenue from operations to Rs 2,356.01 crore in Q4 FY25 over Q4 FY24.
