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MoneyWorks4Me

Atul Auto enters into agreement with IDBI Bank: Report

16 Jul 2015 Evaluate

Atul Auto has reportedly entered into an agreement with IDBI Bank for financing retail customers for its entire range of vehicles. A memorandum of understanding (MoU) was inked by both the companies. The rate of interest offered by the bank is very competitive in the market and should give a boost to the three-wheeler player’s sales in the future.

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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