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Atul Auto enters into agreement with Federal Bank

27 Aug 2015 Evaluate

Atul Auto (AAL), a Rajkot-based leading manufacturer of 3-Wheeler commercial and passenger vehicles, has entered into an agreement with Federal Bank for dealer financing arrangement. Under this arrangement, the bank will finance 100% of the invoice amount with NIL margin to registered dealers of AAL for purchases made from the company. This tie-up is aimed at benefiting all the 200-plus dealers of AAL spread across India.

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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