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Atul Auto plans to foray into agriculture machines business

18 May 2011 Evaluate

Atul Auto, a dominant player in the three-wheeler market is planning to foray into the agriculture machines business. In this regard, the company is in talk with Gujarat-based company for the acquisition and it is expected to be completed by end-June this year. However, the company does not reveal the target company’s name and valuation.

The company’s manufacturing facility at Rajkot in Gujarat produces diesel as well as GNG and LPG operated three-wheeler commercial vehicles.

Recently, the company had tied up with Bangladesh based company - Atul Autos Bangladesh with an objective to promote the sales of the vehicle manufactured by it in Bangladesh.

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.

Atul Auto Share Price

455.25 -11.05 (-2.37%)
20-Apr-2026 15:31 View Price Chart
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