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Atul Auto inks agreement with JBM Industries

28 Nov 2018 Evaluate

Atul Auto has signed the term-sheet with JBM Industries for entering into a Joint Venture Agreement (JVA) with an object to expand / develop the business of Three Wheeler Electric Autos with the blend of respective expertise.

The existing Wholly Owned Subsidiary of the company namely, Atul Green Automotive will be utilised for this purpose.

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 10371.00
TVS Motor Company 4280.00
Hero MotoCorp 5107.00
Eicher Motors 7250.00
OLA Electric Mobilit 35.14
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