Atul Auto Limited — Important, 02-12-2024: Monthly Business Updates

Atul Auto Limited reported strong sales performance in November 2024 for its three-wheeler vehicles, with domestic sales showing a notable increase. The company sold 1,858 units of IC Engine three-wheelers, marking a growth of 27.26% year-on-year, and achieved a total of 2,151 units when including exports, reflecting a 33.85% increase. Electric Vehicle (EV) sales varied, with the L3 segment declining by 15.16% to 526 units, while L5 EV sales surged by 251.16% with 151 units sold. Cumulatively, year-to-date figures for FY 24-25 demonstrate a robust performance, with total three-wheeler sales reaching 20,124 units, up 39.90% from the previous year. Overall, the results indicate a positive outlook, especially with the company significantly boosting its IC Engine sales and L5 EV segment, which could enhance future profitability and strengthen market positioning. Investors should watch closely for continued growth trends, particularly in the EV segment.