Atul Auto Limited has informed the Exchange regarding Monthly Business Updates for the month of April 2025
ATULAUTO · price
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Atul Auto reported April 2025 three-wheeler sales of 1,725 units (including exports), up 1.95% from 1,692 units in April 2024. However, domestic sales alone fell 13.3% to 1,427 units. Traditional IC engine 3-wheeler domestic sales dropped sharply by 25% YoY to 902 units. Electric three-wheeler sales showed strong growth: EV-L3 segment rose 14.55% to 488 units, and the L5 EV segment (sold via subsidiary Atul Greentech) more than doubled from 17 to 49 units (+188%).
Mixed signals for shareholders: the decline in core domestic IC engine volumes is concerning and suggests weak domestic demand, but strong growth in EV sales and slight overall volume growth with exports indicate the company's EV transition is gaining traction. Watch for trends over coming months to see if the IC engine decline stabilizes.