Force Motors cuts debt to $17m, reaffirms strong ratings

Force Motors Limited reduced total debt to INR 17 crore as of March 31, 2025, from INR 525 crore a year earlier following scheduled repayments and prepayments.

CRISIL reaffirmed the company's ratings at 'CRISIL AA+/Stable' for long-term and 'CRISIL A1+' for short-term facilities. Total rated bank loan facilities were reduced to INR 765 crore from INR 1,378 crore.

The company expects to remain debt-free over the medium term. Force Motors reported 15% revenue growth to INR 8,092 crore in fiscal 2025, with operating profit of INR 1,113 crore.