FORCE MOTORS LTD — Updates, 27-03-2025: Press Release

Force Motors has signed a significant contract with the Indian Defence Forces to deliver 2,978 Force Gurkha vehicles, specifically designed for military applications. This partnership showcases Force Motors' commitment to enhancing India's defence capabilities through durable and reliable vehicles. The order positions Force Motors as a trusted supplier within the defence sector, leveraging its expertise in producing rugged vehicles well-suited for challenging environments.

The procurement consists of the Force Gurkha light vehicles, notable for their off-road performance and adaptability, which are critical for military operations across diverse terrains. The delivery of these vehicles will occur in multiple tranches over a maximum period of three years, reinforcing the company’s strategic alignment with national security demands. This deal not only solidifies Force Motors' role as a key player in the defence market but also opens up avenues for future growth and collaboration in the sector. Investors should view this as a positive development, reflecting the company's robust positioning and potential for sustained operational success.