Atul Auto is expecting double-digit growth for FY15. Even for FY16 the company is confident of double digit growth on back of new three-wheeler launch in both petrol and CNG versions in Q2 of FY16. The company anticipates a good response for this new launch from both the domestic as well as international market.
The company has procured a land near Ahmedabad in the state of Gujarat which will have capacity of production of 60,000 three-wheelers and the cost of this new facility would be around Rs 150 crore. The company is also looking to enter new export markets for the petrol three-wheeler.
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.