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Atul Auto acquires 34 acres of agricultural land at Ahmedabad

09 Sep 2014 Evaluate

Atul Auto has identified approximately 70 acres of agriculture land near Bavla at Ahmedabad district in state of Gujarat. The company has further acquired approximately 34 acres of land of total area of approximately 70 acres.

This acquisition is part of expansion strategy. The company has been exploring various options for capacity expansion looking into the upward momentum of growth of business. 

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.

Peers
Company Name CMP
Bajaj Auto 10350.00
TVS Motor Company 4200.00
Hero MotoCorp 5152.40
Eicher Motors 7210.00
OLA Electric Mobilit 33.16
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