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.