Force Motors inches up on signing MoU with MoRTH

Force Motors Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500033 | NSE: FORCEMOT

30 Jun 2026 Evaluate

Force Motors is currently trading at Rs. 17916.95, up by 79.70 points or 0.45% from its previous closing of Rs. 17837.25 on the BSE.

The scrip opened at Rs. 18042.70 and has touched a high and low of Rs. 18043.00 and Rs. 17745.00 respectively. So far 3738 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 26485.95 on 18-Feb-2026 and a 52 week low of Rs. 14177.05 on 07-Jul-2025.

Last one week high and low of the scrip stood at Rs. 18924.95 and Rs. 17708.90 respectively. The current market cap of the company is Rs. 23551.38 crore.

The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 12.69% and 25.68% respectively.

Force Motors has signed Memorandum of Understanding (MoU) with the Ministry of Road Transport and Highways (MoRTH) under the Government of India's scheme for replacement of old trucks and buses in the Delhi–NCR region.

Under the agreement, the OEM will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme. For electric vehicles, the discount shall be capped at the discount applicable to an Internal Combustion Engine (ICE) vehicle of the equivalent Gross Vehicle Weight (GVW) category.

In addition to the 8 per cent discount offered by participating OEMs, the Central Government will provide 5 per cent interest subvention and fixed monthly fuel vouchers for a period of five years. Participating State Governments will provide up to 100 per cent concession on motor vehicle tax for a period of ten years and waiver of registration fees for eligible beneficiaries under the scheme.

Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

Force Motors Share Price

18326.35 -247.80 (-1.33%)

01-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Motors	431.25
Ashok Leyland	162.30
Force Motors	18326.35
Olectra Greentech	1512.35
SML Mahindra	3962.60
View more..

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