Force Motors Ltd delivered robust March sales performance with total units rising 14.4% year-on-year to 4,126 units, compared with 3,606 units in the same period last year. According to reports from CNBC TV18, domestic sales across small commercial vehicles, light commercial vehicles, utility vehicles and sports utility vehicles were the key driver of this growth. The company's domestic market strength reflects continued momentum in the Indian automotive sector, with the growth trajectory following a steady performance pattern observed in recent months.
Export volumes faced significant pressure, declining sharply by over 22% to 73 units from 94 units a year ago. As reported by CNBC TV18, the company attributed this weakness to ongoing geopolitical tensions, particularly in the Middle East. This export decline contrasts with the strong domestic performance and highlights the impact of international market conditions on the company's overseas business, though the company continues to focus on expanding its international presence.
Including exports, total sales for March reached 4,199 units, marking a 13.5% increase from 3,700 units in the year-ago period. According to the company's latest data, this combined performance demonstrates the resilience of the domestic market despite export challenges. The growth trajectory follows a steady performance pattern observed in recent months, with the company maintaining its focus on both domestic and international market expansion.
The March sales figures build on the company's recent performance trends. As reported by CNBC TV18, Force Motors had previously reported an 8% rise in total sales in February, supported by healthy domestic demand, though exports had remained subdued. The company's December quarter performance showed significant improvement in profitability with net profit rising substantially on stronger operating performance and a one-time gain, positioning it well for continued growth in the Indian automotive sector.
Shares of Force Motors Ltd closed at ₹20,850, up 7.45% on the NSE ahead of the sales announcement. According to CNBC TV18, this positive market reaction reflects investor confidence in the company's domestic market performance and continued momentum despite export challenges. The stock movement indicates market optimism about the company's growth prospects in the Indian automotive sector, with the company's strategic focus on both domestic strength and international expansion positioning it well for future growth.
