Atul Auto Limited has informed the Exchange regarding Monthly Business Updates for the month of March 2026
ATULAUTO · price
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Atul Auto reported March 2026 three-wheeler sales of 3,404 units in the domestic market, up just 0.38% from 3,391 units in March 2025. Including exports, total March sales rose 14.05% to 4,212 units, driven by a strong 17.49% jump in IC engine three-wheeler sales (3,513 vs 2,990). EV sales were mixed, with domestic EV up 2.34% for the month but down 8.19% year-to-date. Full-year FY25-26 domestic sales grew 6.98% to 32,923 units, while total sales (domestic + export) grew 13.02% to 38,440 units, led by a 20.34% rise in IC engine volumes. EV year-to-date volumes declined across both domestic (-8.19%) and total (-8.50%) categories, partly because subsidiary Atul Greentech's EV numbers are included only till January 14, 2026.
The flat domestic March performance and declining EV trend are mild negatives, but the strong export-led growth and double-digit full-year IC engine surge are positives. Investors should watch whether the export momentum sustains and whether EV softness is structural or transitional.