Force Motors Announces ₹2,000 Crore Investment to Boost EV Development and Global Expansion

Key Highlights

• ₹2,000 crore capex over three years.

• Traveller and Urbania EV development.

• Traveller EV ambulance ready for launch.

• Exports to reach 20–30% share.

• Nearly 50% energy from green sources.

Force Motors has announced a major investment plan worth ₹2,000 crore over the next three years to speed up its electric vehicle (EV) rollout, upgrade factories, and strengthen its global presence. This move shows the company’s strong commitment to clean mobility, digital transformation, and long-term growth.

₹2,000 Crore Capex to Accelerate EV Growth

Force Motors said that the new capital expenditure will be used for three major areas:

• Electric vehicle development

• Digitisation and technology upgrades

• Manufacturing modernisation

The company is focusing on electrifying its popular Traveller and Urbania platforms. It is also upgrading production facilities and investing in training and upskilling its workforce to meet future EV demand.

Focus on Shared Mobility, Defence and Global Markets

The Pune-based automaker plans to tap into fast-growing segments such as:

• Shared mobility

• Defence vehicles

• Exports

Force Motors is preparing to launch new electric commercial vehicle variants, including the Traveller EV ambulance, which is almost ready for rollout.

Exports are expected to play a bigger role in the company’s overall business. Force Motors aims for 20–30% of its total volumes to come from global markets, supported by new assembly facilities outside India.

The company also confirmed that it will continue strengthening its core business of multi-utility vehicles, rather than entering the passenger car segment.

Stronger Financial Position Supports Ambitious Plans

Force Motors is now debt-free for two consecutive quarters, giving it the financial strength needed for expansion. The automaker expects 10–15% growth this year, driven by rising demand and the global shift toward cleaner mobility.

As part of its sustainability vision:

• Around ₹150 crore will be invested in digitisation.

• Nearly 50% of the company’s total energy use will soon come from green sources.

With its multi-pronged strategy, Force Motors aims to become a stronger and more competitive player in the domestic and international EV market.

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CMV360 says

Force Motors’ ₹2,000 crore investment marks a strong step toward cleaner mobility, advanced production, and stronger global reach. With plans to electrify major commercial platforms, upgrade plants, and boost exports, the company is preparing for long-term growth. Its debt-free status, focus on digitisation, and rising use of green energy further strengthen its position. Overall, Force Motors is firmly moving toward becoming a major EV player in India and overseas.