Atul Auto July sales jump 39.86% to 3,800 units on export strength
Atul Auto's July 2026 sales rose 39.86% to 3,800 units, with ICE vehicles driving growth both domestically and in exports. EV sales dipped 16.67%, but overall YTD sales jumped 41.76% to 13,678 units, highlighting strong market recovery in the commercial three-wheeler sector.
*this image is generated using AI for illustrative purposes only.
Atul Auto reported a robust 39.86% year-on-year increase in total three-wheeler sales to 3,800 units for July 2026, driven primarily by strong export demand and domestic uptake of internal combustion engine (ICE) vehicles. The company’s combined domestic and export sales rose from 2,717 units in July 2025 to 3,800 units in July 2026. This performance signals sustained momentum in the commercial three-wheeler segment, even as electric vehicle (EV) sales faced a temporary contraction.
The filing was submitted to the Bombay Stock Exchange and National Stock Exchange on August 1, 2026, by Mahendra J Patel, Whole-time Director and CFO of Atul Auto Limited. The data covers sales up to July 2026 and includes year-to-date (YTD) figures for FY27 compared to FY26.
Monthly Sales Breakdown
Domestic sales grew by 28.60% to 3,215 units in July 2026, up from 2,500 units in the same month last year. The growth was anchored by ICE vehicles, which saw a 44.24% surge to 2,680 units from 1,858 units. Conversely, EV sales declined by 16.67% to 535 units from 642 units.
When including exports, the ICE segment demonstrated exceptional strength, rising 57.35% to 3,265 units from 2,075 units. Total combined sales reached 3,800 units, reflecting a significant expansion in market reach beyond domestic borders.
| Segment | Jul-26 | Jul-25 | Change (%) |
|---|---|---|---|
| Domestic ICE | 2,680 | 1,858 | 44.24% |
| Domestic EV | 535 | 642 | -16.67% |
| Total Domestic | 3,215 | 2,500 | 28.60% |
| Combined ICE | 3,265 | 2,075 | 57.35% |
| Combined EV | 535 | 642 | -16.67% |
| Total Combined | 3,800 | 2,717 | 39.86% |
Year-to-Date Performance
For the year-to-date period ending July 2026, Atul Auto has sold 13,678 units across domestic and export markets, a 41.76% increase over the 9,649 units sold in the corresponding period of FY26. Domestic YTD sales stood at 11,533 units, up 31.13% from 8,795 units in FY26.
ICE vehicles accounted for the majority of this growth, with combined YTD sales reaching 11,325 units, a 55.48% jump from 7,284 units. EV YTD sales remained relatively flat at 2,353 units, showing a marginal decline of 0.51% from 2,365 units in the prior year.
What the Numbers Show
The divergence between ICE and EV performance is notable. While ICE sales surged nearly 60% in exports and 44% domestically, EV sales contracted by 16.67% month-on-month. This suggests that current demand drivers are heavily skewed toward traditional fuel-based commercial vehicles, possibly due to price sensitivity or infrastructure constraints affecting EV adoption in the short term. The note clarifies that EV figures include sales by subsidiary Atul Greentech Private Limited until January 14, 2026, indicating a consolidation of reporting metrics that may influence direct year-over-year comparisons for the EV segment.
Historical Stock Returns for Atul Auto
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.11% | +8.81% | +6.98% | +28.49% | +14.49% | +137.86% |
How might the reported decline in EV sales impact Atul Auto's long-term sustainability strategy and compliance with future emission regulations?
What specific geopolitical or economic factors are driving the 57% surge in ICE vehicle exports, and is this demand trend sustainable through FY27?
Will Atul Auto adjust its production capacity allocation to favor ICE vehicles over EVs in the short term given the current sales divergence?
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