Founded in 1958, Force Motors Ltd. is the flagship company of the Abhay Firodia group. The company distributes agricultural tractors, fully vertically integrated small and light CVs, and multi-utility vehicles to a number of countries in the Middle East, Asia, Latin America, and Africa. It was known as Bajaj Tempo until 2005. The company was established in 1958 and is headquartered in Pune, India.
Force Motors Quick Overview
| Particular | Details |
| Company Name | Force Motors Limited |
| Former Name | Bajaj Tempo Motors (until 2001) |
| Type | Public Listed Automotive Manufacturer |
| Industry | Automotive – Commercial & Multi-Utility Vehicles |
| Founded / Incorporated | 1958 |
| Founder | N. K. Firodia (Navalmal Kundanmal Firodia) |
| Headquarters | Pune, Maharashtra, India |
| Chairman | Dr. Abhay Firodia |
| Managing Director | Prasan A. Firodia |
| Core Business | Design, development & manufacture of commercial vehicles, multi-utility vehicles, special application vehicles, aggregates & components |
| Major Product Brands | Traveller, Trax, Gurkha, Urbania, Citiline, Monobus |
| Key Services / Products | Light commercial vehicles (vans), passenger transport vehicles, off-roaders, rugged utility vehicles, special vehicles for civilian & defence uses |
| Manufacturing Footprint | 5 state-of-the-art plants across India (e.g., Akurdi, Chakan, Pithampur, Chennai) |
| R&D & Engineering | Advanced R&D centre in Pune with 1,000+ design experts and NVH/testing facilities |
| Global Presence | Exports to 25+ countries across Middle East, Asia, Latin America & Africa |
| Partnerships / OEM Contracts | Manufactures engines & components for Mercedes-Benz India & BMW India |
| Employees | 10,000+ |
| Market Position | India’s largest commercial van maker with diversified automobile & aggregates portfolio |
| Strategic Focus | Shared mobility solutions, special/defence vehicles, EV-ready platforms (e-Traveller), global OEM supplies |
| Recent Performance Trends | Strong domestic sales growth, profit growth from commercial vehicle demand |
| Notable Developments | Shut agricultural tractor business (2024) to focus on core mobility & engines |
| Stock Exchange Listing | BSE & NSE (Ticker: FORC / FORCEMOT) |
| Official Website | forcemotors.com |
Net Worth and Market Cap
Force Motors’ net value, or market capitalization, is INR 249.10 billion. The enterprise value is 244.07 billion.
Corporate Leadership
N.K. Firodia founded Force Motors in 1958. Abhay Firodia is the chairman of this organization, while Prasan A. Firodia is the MD.
Overview of Services
Force Motors Limited is an integrated automobile firm that designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India. The company offers passenger cars, ambulances, delivery vans, school buses, small and light commercial vehicles, special vehicles, multipurpose vehicles, agricultural tractors, and spare parts.
Its product line includes Urbania, a brand-new modular monocoque van platform; Traveller, ambulances, cargo delivery, and school buses; Monobus; Trax, a durable utility vehicle platform for last-mile and rural transportation; special application vehicles; Gurkha off-road vehicles; and electric vehicles. Additionally, the company offers shared mobility solutions, defense solutions, commercial fleets, and specialist transportation.
Scale of Operations
Force Motors Limited’s parent business is Jaya Hind Industries Pvt. Ltd. The company’s well-known brands include Traveller, Trax, Urbania, Gurkha, Citiline, and Monobus. The company also supplies to other countries in Africa, Latin America, the Gulf, ASEAN, SAARC, and Germany.
