Atul Auto Limited has informed the Exchange regarding a press release dated April 24, 2026, titled "ATUL AUTO AND EXPONENT ENERGY PARTNER TO LAUNCH 15-MINUTE RAPID CHARGING PASSENGER 3-WHEELERS; COMMIT 15,000 VEHICLES".
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Atul Auto has announced a strategic partnership with Exponent Energy to jointly develop and deploy rapid charging electric 3-wheelers featuring 15-minute charging capability. The companies have committed to a minimum of 15,000 Exponent-powered passenger 3-wheeler vehicles over three years, representing one of the largest scale-ups of rapid charging EVs in this segment. Atul Auto's vehicles will integrate Exponent's OTO platform with battery technology, powertrain systems, and vehicle software, backed by a 2 lakh km warranty. The partnership also includes EV financing options through Exponent One platform. Atul Auto achieved turnover of Rs.600+ crore in FY 2024-25 with presence across 25 states and exports to over 20 countries.
This partnership strengthens Atul Auto's electric mobility strategy by adding rapid charging technology, potentially boosting competitiveness in the growing EV 3-wheeler segment. The 15,000 vehicle commitment over three years represents significant forward visibility, though financial impact depends on actual pricing and delivery schedules.