Force Motors Secures Major Defence Order: Share Price Surges Amidst Strong Market Performance

Market Performance

Force Motors' share price has experienced substantial growth over the past few years. Year-to-date (YTD) in 2025, the stock has increased by 38%. Over the last six months, it has risen by 20%; in the past year, it has appreciated by 27%. Notably, the stock has surged 734% in the last two years and delivered a 1,190% increase over five years.

At 9:45 AM on March 28, 2025, Force Motors' shares were trading 4.56% higher at ₹9,186.50 per share on the BSE. Earlier in the day, the stock rose by as much as 7.5% to ₹9,444.85 per share.

Defence Order Announcement

Force Motors' share price increased following the announcement that the company has been selected as the L1 vendor for supplying 2,978 units of its Force Gurkha light vehicles to the Indian Defence Forces. The company stated that the order would be executed in multiple tranches over three years. However, the total value of the order was not disclosed.

According to the company's regulatory filing on March 27, these vehicles are designed to meet the operational needs of the Indian Army and the Indian Air Force. The Force Gurkha model is specifically engineered for challenging environments, offering advanced off-road capabilities, superior ground clearance, and the highest water-wading capacity.

Company Details

Force Motors is known for manufacturing durable and adaptable military vehicles. The defence sector has utilized the Force Gurkha Light Strike Vehicle (LSV) for its robust build and ability to perform in demanding conditions. The latest order reinforces the company's position as a supplier of specialized vehicles for defence operations.

Summary

Force Motors' share price has grown significantly, rising 38% YTD and delivering 1,190% returns over five years. The recent increase in share value follows the announcement of a defence order for 2,978 Force Gurkha vehicles to be delivered over three years. The company continues strengthening its presence in the defence sector with its specialized vehicle offerings tailored to challenging operational environments.