Atul Auto, a dominant player in the three-wheeler market, is planning to foray into the agriculture machines business through acquisition of a Gujarat-based company. The acquisition is likely to happen by end-June this year. Agricultural machines have good demand not only in the domestic market, but also in Africa. This acquisition will help the company to enter the African market for selling both three-wheelers as well as agriculture machines.
The company's manufacturing facility at Rajkot in Gujarat produces diesel as well as GNG and LPG operated three-wheeler commercial vehicles. The company plans to double its capacity in both the passenger as well as commercial vehicles segments from the current 24,000 units to 48,000 units by 2011. It also plans to ramp-up its dealership network to 140 from the current 115 by end-this year.crackcrack
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9795.05 |
| Hero MotoCorp | 5281.60 |
| TVS Motor | 3764.45 |
| Eicher Motors | 7240.55 |
| Ather Energy | 889.35 |
| View more.. | |
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