Atul Auto Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Order Above 5pct RevenueBusiness Updates View source PDF

ATULAUTO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+3.8%1-day move

₹472.05

prior close

₹500.00

base price

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AI summary

Atul Auto Limited has signed a Memorandum of Understanding with Exponent Energy Private Limited, a Bengaluru-based energy company specializing in 15-minute rapid charging technology for commercial electric vehicles. Under this agreement, Atul Auto will manufacture and supply 15,000 electric three-wheelers integrated with Exponent's battery system and powertrain over a period of three years (extendable by 6 months). The total order value is Rs. 490.50 crore at approximately Rs. 3.27 lakh per vehicle (exclusive of GST). Exponent will provide the battery system and powertrain, while Atul Auto will handle vehicle-level manufacturing, integration, quality control, and delivery. This is a domestic order with no related party involvement.

Likely market impact

This is a significant positive development for Atul Auto as it marks a strategic entry into the electric three-wheeler segment with a technology partner. The Rs. 490.50 crore order represents a substantial revenue opportunity over three years, potentially boosting the company's EV portfolio and market presence.