Latest news with #UtilityVehicles
Mint
3 days ago
- Automotive
- Mint
Force Motors share price: Multibagger small-cap stock hits record high, logging 4% intraday gains. Here's why
Force Motors share price rallied over 4% to hit a record high in early trade on Thursday after the commercial vehicle (CV) manufacturer reported decent sales growth in the month of May. The small-cap stock jumped as much as 4.09% to its 52-week high of ₹ 12,838 apiece on the BSE. In its monthly business update, Force Motors reported total sales of 3,088 units in May, registering a growth of 19.14% from 2,592 units in the same period last year. Total sales included the domestic and export sales of Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV) and Sports Utility Vehicles (SUV). Domestic sales last month increased by 24.46% to 3,002 units from 2,412 units, year-on-year (YoY). Exports in May 2025 dropped significantly by 52.225 to 86 vehicles from 180 vehicles, YoY. Meanwhile, Force Motors posted robust earnings growth during the fourth quarter of FY25. The company saw a sharp 210% YoY surge in net profit to ₹ 434.7 crore in Q4FY25 as against ₹ 140.3 crore in the year-ago quarter. The company's revenue in the March quarter increased 17.1% to ₹ 2,356 crore from ₹ 2,011.2 crore, YoY, driven by strong growth across segments. EBITDA grew 18.2% YoY to ₹ 329.3 crore, while EBITDA margin improved marginally to 14%. The company's board also recommended a dividend of ₹ 40 per share, subject to shareholders' approval. Force Motors share price has witnessed a sustained upward trajectory, gaining 22% over the past month and more than 67% in the last three months. On a year-to-date (YTD) basis, the small-cap stock has rallied 87%, while it has appreciated 48% over the past year. In the long term, Force Motors shares have delivered multibagger returns, soaring 555% over the last two years and an impressive 1,250% over the past five years. At 9:45 AM, Force Motors shares were trading 2.53% higher at ₹ 12,645.00 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
4 days ago
- Automotive
- Business Upturn
Force Motors reports 19% YoY growth in total vehicle sales for May 2025
By Aman Shukla Published on June 4, 2025, 16:13 IST Force Motors has released its sales figures for May 2025, highlighting a solid performance in the domestic market despite a decline in exports. The company recorded total sales of 3,088 units in May 2025, marking a 19.14% increase compared to 2,592 units sold in the same month last year. The growth was primarily driven by a strong performance in the domestic segment. Sales of Small Commercial Vehicles (SCVs), Light Commercial Vehicles (LCVs), Utility Vehicles (UVs), and Sports Utility Vehicles (SUVs) in India reached 3,002 units in May 2025, reflecting a year-on-year growth of 24.46% from 2,412 units in May 2024. However, exports witnessed a decline. Force Motors exported 86 units in May 2025, down 52.22% from 180 units in the corresponding month of the previous year. Despite this drop, the robust domestic demand helped the company post an overall positive sales growth. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
6 days ago
- Automotive
- Time of India
Car Sales Stick to Slow Lane in May
HighlightsIndia's passenger vehicle market saw a marginal year-on-year increase of 0.1%, with approximately 352,000 vehicles sold in May 2024. Mahindra & Mahindra achieved a significant sales increase of 21%, selling 52,431 units, while Tata Motors experienced an 11% decline in sales to 41,557 units during the same period. Toyota Kirloskar Motor reported a 22% growth in sales, reaching 29,280 units, driven primarily by demand for Multi-Purpose Vehicles and Sports Utility Vehicles. India's passenger vehicle market remained flat in May even as Mahindra & Mahindra (M&M) and Toyota Kirloskar Motor clocked strong double-digit growth in volumes, riding on robust demand for their utility vehicle lineups. Overall, the industry sold about 352,000 cars, sedans and utility vehicles last month, marking a marginal 0.1% year-on-year increase, according to initial industry estimates. 'There is pressure in the market,' said a senior industry executive who requested not to be identified. 'But we also have to remember that the base is now very high. India is one of the very high markets in the world…selling more than four million passenger vehicles annually. So, even if the growth is modest, and is likely to remain so for some time, volumes are still good,' the person added. Retail sales are estimated to have declined by 0.8% year on year in May, industry insiders said. Most automakers in India report wholesale figures—factory dispatches to dealerships—and not retail sales to customers. Demand in the local market continues to be driven by SUVs. Homegrown auto major Mahindra continued to maintain its lead over rival Tata Motors in May, powered by demand for its range of utility vehicles. Mahindra sold 52,431 units last month, up 21% over 43,218 units sold in May 2024. Tata Motors' passenger vehicle sales fell 11% to 41,557 units from 46,697 units during the same period. 'Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE (internal combustion engine powered by petrol or diesel) and BEV (battery electric vehicles) portfolio,' said Nalinikanth Gollagunta, CEO of automotive division at M&M. Toyota Kirloskar reported an increase of 22% to sell 29,280 units last month, with MPV and SUV segments continuing to be the primary growth drivers.
Yahoo
17-03-2025
- Automotive
- Yahoo
Small electric cars were said to be the future – but SUVs now rule the road
Across the globe more and more Sports Utility Vehicles (SUVs) are being spotted on – and off – the roads. This is despite predictions from the United Nations of an inevitable pivot towards smaller and more environmentally friendly vehicles because of the urgency of the climate crisis and the rising cost of living. That pivot has not materialised: globally, 54% of the cars sold in 2024 were SUVs, including petrol, diesel, hybrids and electric makes. This is an increase of three percentage points from 2023 and five percentage points from the year before, according to GlobalData. Of the SUVs which are now on the road – both new and older models – 95% are burning fossil fuels, according to the International Energy Agency (IEA). Manufacturers, however, say their new fleets of such cars are increasingly becoming electric, and that not all SUVs now being sold cause an increase in emissions. SUVs are hard to miss. They are heavy and larger with spacious interiors, higher ground clearance and a high driving position with a better view of the road, although smaller versions are also on the market. Environmental campaigners such as Greenpeace see SUVs as one of the villains of the climate crisis and argue that their manufacturing consumes significant resources given their size. Experts also say they require larger batteries to power their electric versions, which then further increases the demand for critical minerals, putting even more pressure on the planet. Momentum was thought to be with smaller, energy-efficient electric vehicles. But the sales of standard-sized electric vehicles (EVs) has actually decreased in major markets such as Japan and Germany, and their sales growth has slowed in India. And in Europe, sales of SUVs have outpaced those of EVs despite indications more than half a decade ago of an opposite trend. In Europe in 2018, 3.27 million small hatchbacks – both those powered by fossil fuels and those by electricity – were sold while 2.13 million were sold in 2024, according to GlobalData. Its sales forecast manager Sammy Chan said: "This is partly because of the SUV alternatives being offered in smaller [sizes] whose sales in Europe have now grown to nearly to 2.5 million in 2024 from 1.5 million in 2018." China saw the largest sales of nearly 11.6 million SUVs in 2024 followed by the US, India and Germany, according to GlobalData. Industry experts say people's purchasing power has been improving in many fast-emerging economies, making SUVs the likelier choice of car. "Manufacturers respond to consumer demand and, increasingly, drivers are attracted to dual purpose vehicles given their practicality, comfort and good view of the road," said Mike Hawes who is the chief executive of the Society of Motor Manufacturers and Traders (SMMT). Automobile industry analysts also say that manufacturers are attracted to high profit margins from SUVs: they can make more money from SUVs even though they make fewer vehicles. "It is the industry that has driven the demand through huge marketing and advertising campaigns in recent years," said Dudley Curtis, the communications manager at the European Transport Safety Council. "SUVs offered the industry a simple way of charging more for a vehicle that does the same thing [as others]," he said. Because of the robust growth in SUVs sales, the IEA says oil consumption of these vehicles has increased by 600,000 barrels per day globally between 2022 and 2023, accounting for more than a quarter of the total annual rise in global oil demand. "If ranked among countries, the global fleet of SUVs would be the world's fifth largest emitter of CO2, exceeding the emissions of Japan and various other major economies," said Apostolous Petropolous, an energy modeller with the IEA. The agency says that even when compared to medium-sized cars that run on petrol and diesel, SUVs burn 20% more of such fuels as they weigh up to 300 kg more on average. In fact, road transport is responsible for more than 12% of global carbon emissions which is the main driver of global warming. Scientists say all sectors must rapidly decarbonise if we are to avoid a climate catastrophe. But industry representatives say in response that not all SUVs now being sold cause an increase in emissions. BMW delays electric Mini over 'uncertainty' Why don't Europeans buy more American cars? "Around two in five of these [new] vehicle models are zero emission as their body type lends itself well to electrification with longer battery range that can reassure consumers concerned about charging accessibility," said Hawes, from the SMMT. "This has led to the average CO2 emissions of new dual purpose cars more than halving since 2000, helping the segment lead the decarbonisation of UK road mobility." Although the vast majority of new SUVs still burn fossil fuels, IEA officials have said that over 20% of SUVs sold in 2023 were fully electric, up from 2% in 2018. As for hybrids that can run on both electricity and fossil fuels, a study in Europe by the International Council on Clean Transportation in 2022 found only around 30% of the total distance driven by plug-in hybrid electric vehicles (all types including SUVs) was in electric mode on average. Similar results were found in other major economies such as the US and China. Overall, the back-gear towards SUVs, some experts say, has caused a significant setback in the decarbonisation of transport sector. "The trend toward heavier and less efficient vehicles such as SUVs (in countries where it is happening) has largely nullified the improvements in energy consumption and emissions achieved elsewhere in the world's passenger car fleet," said the IEA. The UK Parliament's climate change committee had a similar finding in its 2024 report on decarbonisation in the country.
