Credit rating agency, CRISIL has reaffirmed ‘A-/Stable’ rating to long term bank facilities of Atul Auto. The rating continues to reflect the company’s above-average financial risk profile, marked by low gearing and above-average debt protection metrics. The rating also factors in the company's established business risk profile, marked by improving market share, established distribution network and efficient working capital management.
Atul Auto is a leading manufacturer of 3-Wheeled Commercial Vehicles in the state of Gujarat, presently engaged in the manufacturing of Three Wheelers like 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles.