Shares of Force Motors Limited witnessed a significant uptick, rising by over 8% during Monday’s trading session following the company’s positive sales report for January 2025. The company’s domestic sales surged 39.27%, with 3,493 units sold, compared to 2,508 units in January 2024. The strong growth in Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV) contributed to this performance.
Despite the robust domestic growth, export sales declined sharply by 78.37%, with only 104 units sold against 481 units during the same period last year. The total combined sales, including domestic and export, stood at 3,597 units, reflecting a 20.34% year-on-year increase compared to 2,989 units in January 2024.
Additionally, the company confirmed the discontinuation of its tractor business as of March 31, 2024, aligning with its strategic shift. Investors responded positively to the domestic market momentum despite the export weakness.
The current share price of Force Motors stands at ₹6,950.85, reflecting a gain of ₹549 today. The stock ranged between ₹6,425 and ₹7,049 during the session. The market capitalization stands at ₹91.40 billion.
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