Atul Auto Ltd

Atul Auto announced its sales performance (domestic + export) for month of April 2026 as under - Particulars Apr-26 Apr-25 % Change  3W-IC Engine  2314 1188 95% EV 687 537 28% Total  3001 1725 74%

Atul Auto will hold a meeting of the Board of Directors of the Company on 16 May 2026.

The key domestic indices traded with sharp losses in morning trade as investor sentiment remained cautious amid stalled US-Iran negotiations, uncertainty over the reopening of the Strait of Hormuz and a sharp surge in crude oil prices above the $105-per-barrel mark. Unless geopolitical tensions ease, the overhang on crude oil prices, the rupee, and institutional flows is expected to persist. Investors are also closely monitoring Q4 earnings for further cues. The Nifty traded below the 24,000 level. IT shares witnessed selling pressure for third straight trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex declined 819.40 points or 1.06% to 76,844.60. The Nifty 50 index slumped 218.85 points or 0.91% to 23,954.20. The broader market outperformed the frontliner indices. The BSE 150 MidCap Index fell 0.64% and the BSE 250 SmallCap Index dropped 0.78%. The market breadth was weak. On the BSE, 1,197 shares rose and 2,466 shares fell. A total of 218 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 3.80% to 19.30. In the commodities market, Brent crude for June 2026 settlement jumped 63 cents or 0.60% to $105.70 a barrel. Earnings Today: Reliance Industries (down 0.35%), Shriram Finance(down 0.57%), IndusInd Bank(down 0.89%), Adani Green Energy(down 2.29%), Can Fin Homes(down 1.06%), Chennai Petroleum Corporation(down 0.08%), DCB Bank(down 1.33%), Hindustan Zinc(up 0.75%), Lodha Developers(down 0.37%), L&T Finance(up 0.67%), Mahindra & Mahindra Financial Services(down 0.30%), Mangalore Refinery (up 2.41%), Supreme Petrochem(down 2.21%), Tanla Platforms(down 2.95%), and Zensar Technologies(down 1.33%) will announce their quarterly earnings later today. Buzzing Index: The Nifty IT index declined 3.40% to 29,099.40. The index tumbled 8.29% in the three consecutive trading sessions. LTM (down 4.9%), HCL Technologies (down 4.3%), Infosys (down 3.97%), Coforge (down 3.33%) and Mphasis (down 3.18%), Tech Mahindra (down 2.89%), Tata Consultancy Services (down 2.45%), Persistent Systems (down 2.16%), Wipro (down 1.71%) and Oracle Financial Services Software (down 0.02%) declined. Stocks in Spotlight: Atul Auto gained 6.03% after the company entered into a memorandum of understanding (MoU) with Exponent Energy to manufacture and supply 15,000 electric three-wheelers integrated with the latter's battery system and powertrain. UTI Asset Management Company (UTI AMC) tumbled 5.21% after the AMC reported a consolidated net loss of Rs 67 crore in Q4 FY26 as against a net profit of Rs 87 crore in Q4 FY25. Cyient declined 1.85% after the company reported a 32.61% fall in consolidated net profit to Rs 65.5 crore despite a 3.94% rise in total income to Rs 1,953.5 crore in Q4 FY26 over Q3 FY26.

The contract is valued at approximately Rs 490.5 crore, with each Exponent-enabled vehicle priced at around Rs 3.27 lakh. The order will be executed over a period of three years, extendable by an additional six months from the date of state transport authority approvals. Atul Auto will act as the original equipment manufacturer (OEM) for the electric three-wheelers integrated with Exponent's battery system and powertrain. The collaboration includes manufacturing, supply, servicing, and customer support of electric three-wheelers, it said. The vehicles will offer 15-minute rapid charging and come with a battery life warranty of up to 2 lakh km. Atul Auto will handle vehicle-level manufacturing, including integration of Exponent's battery system and powertrain, quality control, end-of-line testing, and delivery of fully built vehicles to Exponent. Atul Auto is a leading three-wheeler manufacturing company in Rajkot, Gujarat, India. It has a complete range of 3-wheeler products across the fuel range: diesel, petrol, CNG, LPG, and electric. The company's consolidated net profit zoomed 98.06% to Rs 15.35 crore in Q3 FY26 as against Rs 7.75 crore posted in Q3 FY25. Total revenue from operations grew by 18.39% year-on-year (YoY) to Rs 230.86 crore in the quarter ended 31 December 2025.

Atul Auto has entered into a Memorandum of Understanding (MOU) with Exponent Energy, a Bengaluru-based energy company and a pioneer in 15 minute rapid charging technology for commercial electric vehicles for manufacturing and supply of 15,000 electric three-wheelers integrated with Exponent's battery system and powertrain during the period of three years [extendable by an additional grace period of six (6) months] from the date of state transport authority approvals. The collaboration is expected to accelerate Atul Auto's presence in the electric vehicle segment.  

Atul Auto and Exponent Energy, the Bengaluru-based energy company building the world's fastest charging energy ecosystem for commercial vehicles, have announced a strategic partnership to jointly develop and deploy rapid charging electric 3-wheelers. The companies have also committed to a minimum of 15,000 Exponent-powered 3-wheeler passenger vehicles over three years, representing one of the largest scale-ups of rapid charging EVs in the segment. This marks a significant step in bringing together Atul Auto's decades-long legacy in three-wheeler manufacturing and Exponent Energy's breakthrough technology. Under this collaboration, Atul Auto's vehicles will be integrated with Exponent Energy's OTO three wheeler mobility platform - a unified architecture bringing together best-in-class battery technology, powertrain systems, and vehicle software. Proven in retrofit deployments, the platform is now being extended to OEM-integrated new vehicles through this partnership. Beyond Exponent's own 15-minute rapid charging network, the platform is interoperable and works seamlessly with standard public and home charging infrastructure, giving drivers the flexibility to choose where to charge on a daily basis. Exponent's proprietary technology enables 15 minutes rapid charge - the fastest globally for commercial vehicles while delivering consistent performance under intensive daily operations. The system is backed by a 2 Lakh km warranty, addressing key concerns around battery life and resale value in commercial EV deployments. For Atul Auto customers, this translates into more freedom and flexibility with better earnings driven by faster turnaround times, higher vehicle availability, and reduced operating costs compared to conventional electric three-wheelers.

Atul Auto achieved total sales of 4,212 units in month of March 2026 compared to 3,693 units in March 2025, recording a growth of 14.05%. For FY 2025-26, sales rose 13.02% to 38,440 units.

Domestic sales grew marginally by 0.38% to 3,404 units in March 2026, up from 3,391 units in the same month last year. On a year-to-date (YTD) basis, the company recorded a 13.02% increase in total sales to 38,440 units in FY26, compared with 34,012 units sold in FY25. Atul Auto is a leading three-wheeler manufacturing company in Rajkot, Gujarat, India. It has a complete range of 3-wheeler products across the fuel range: diesel, petrol, CNG, LPG, and electric. The company's consolidated net profit zoomed 98.06% to Rs 15.35 crore in Q3 FY26 as against Rs 7.75 crore posted in Q3 FY25. Total revenue from operations grew by 18.39% year-on-year (YoY) to Rs 230.86 crore in the quarter ended 31 December 2025.

The board of Atul Auto at its meeting held on 14 March 2026 has approved the appointment of Dr. K. C. Vora (DIN: 11166460) as an Independent Director (Additional) with effect from 15 March 2026.Powered by Capital Market - Live

Atul Auto reported total sales of 3,429 units in month of February 2026 compared to 2,900 units in February 2025, recording a growth of 18.24%. Total sales include domestic sales of 2,940 units (up 24.58% YoY). Powered by Capital Market - Live