What we do Atul Auto Ltd manufactures and sells three-wheeler commercial vehicles including auto rickshaws and electric variants, serving domestic and international markets. |
Founded in 1,986 |
Market share Leading manufacturer in Gujarat with 150 exclusive dealers and presence across 16 Indian states; notable growth in export markets. |
Problem solved Provides affordable, efficient, and reliable three-wheeler vehicles for personal and commercial transportation needs in urban and rural areas. |
Top clients or who we serve Serves B2B and B2C customers including individual drivers, small business owners, and fleet operators within India and overseas. |
Key management - |
Our journey and innovations Evolved from CHHAKADA to modern Atul Gemini-Dz and electric vehicles; expanded capacity, introduced diesel and electric models, and invested in finance arm and EV technology partnerships. |
Where we operate India with exports to Belgium, France, Italy, South Africa, Peru, Philippines and plans for other international markets. |
Top products or what we offer Diesel and electric three-wheelers including Atul Shakti, Atul Gem, Atul Smart, Atul Gemini-Dz; finance services via Khushbu Auto Finance; EV batteries. |
Top brands Atul Shakti, Atul Gem, Atul Smart, Atul Gemini-Dz, Khushbu finance services. |
Raw materials needed Steel, engine components, batteries, electronic parts, automotive-grade plastics. |
Raw materials supplier Not specified in available data. |
Recurring vs cyclical contribution Revenue largely from vehicle sales is cyclical; financial services and spare parts offer recurring income streams. |
Our industry position Strong regional market leader in Gujarat; growing national presence; expanding international exports and EV segments. |
Financial highlights FY 2024-25 revenue Rs. 645.96 Cr, net profit Rs. 34.62 Cr, vehicle sales up 24.8%, export revenue growth notable. |
Geographical revenue split Approximately 90% domestic and 10% export revenue as of FY 2023. |
Order book - |
Whats driving growth Increased vehicle demand, expansion in exports, electric vehicle adoption, supportive finance subsidiary growth. |
Our future plans Expand Bhayla plant capacity, grow electric vehicle and battery production, strengthen international presence and finance operations. |
Our green promise Launched electric vehicles and partnered to produce LFP batteries, supporting Atma Nirbhar Bharat and sustainability goals. |
Our people and values Committed workforce culture with focus on innovation, integrity, and growth; regional training centers support skill development. |
Key challenges ahead Managing competition, market fluctuations, transitioning to EV market, and maintaining profitability in finance arm. |
Interesting facts First rear-engine three-wheeler launched in 2009; invested early in wind energy and electric vehicles; robust finance subsidiary. |
Risks and strategy Facing regulatory, financial, and market risks; mitigated through diversification, technology partnerships, and strengthening internal controls. |
