Atul Auto Limited has officially reported exceptional sales performance for April 2026 through a regulatory filing under Regulation 30. The company announced total vehicle sales of 3,001 units for April 2026, representing a substantial 73.97% year-on-year growth from 1,725 units in the corresponding period of the previous year.

Official Sales Communication

The sales update was formally communicated to BSE Limited and National Stock Exchange of India Limited on May 01, 2026, by Managing Director Neeraj J Chandra. The communication highlighted the company's strong market momentum across its three-wheeler vehicle portfolio, demonstrating significant expansion in both domestic and export segments.

Domestic Market Performance

The domestic market delivered robust performance with total sales reaching 2,478 units in April 2026, compared to 1,427 units in April 2025, marking a growth rate of 73.65%.

The three-wheeler IC engine segment emerged as the primary growth driver in the domestic market, with sales surging 98.56% to reach 1,791 units. The electric vehicle segment also contributed positively, achieving 687 units with a healthy growth of 30.86%.

Combined Domestic and Export Performance

The overall performance including export sales reinforces the company's strong position across different geographical markets.

The IC engine three-wheeler segment showed exceptional performance in the combined market, reaching 2,314 units with a remarkable 94.78% growth. The EV segment achieved 687 units, representing a 27.93% increase from the previous year.

EV Segment Details

The electric vehicle sales figures include EV L5 Category vehicles sold by Atul Greentech Private Limited, a subsidiary of Atul Auto Limited, up to January 14, 2026. This diversified approach across different vehicle technologies demonstrates the company's commitment to both traditional and emerging mobility solutions.

Market Position

The strong performance across both domestic and export markets, combined with significant growth in traditional IC engine vehicles and the expanding EV portfolio, positions Atul Auto Limited favorably in the competitive three-wheeler market. The consistent growth across all reported segments reflects the company's effective market strategy and strong customer demand for its vehicle offerings.

Atul Auto Limited has formally entered into a Memorandum of Understanding (MOU) with Exponent Energy Private Limited for manufacturing and supplying 15,000 electric three-wheelers integrated with Exponent's battery system and powertrain. The partnership, announced through regulatory filing under Regulation 30 on April 24, 2026, represents a significant commitment valued at Rs 490.50 crore, including the cost of battery system and powertrain procured from Exponent.

Partnership Overview

The collaboration spans three years from the date of state transport authority approvals, extendable by an additional grace period of six months. Atul Auto will act as the Original Equipment Manufacturer (OEM), responsible for manufacturing, assembly, quality control, end-of-line testing, and delivery of fully built vehicles to Exponent. The companies have agreed on a volume commitment of 15,000 Exponent Enabled Vehicles at approximately Rs 3.27 lakh per vehicle, exclusive of GST.

Technology Integration

The electric three-wheelers will feature Exponent Energy's pioneering 15-minute rapid charging technology for commercial electric vehicles. The battery system comes with a life warranted for up to 2,00,000 km. Exponent Energy, a Bengaluru-based energy company and pioneer in rapid charging technology, brings its proven energy ecosystem to this OEM-integrated deployment.

Regulatory Compliance and Structure

The partnership has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The collaboration includes comprehensive services covering manufacturing, supply, sales, servicing, and customer support of electric three-wheelers. The agreement confirms that this is a domestic partnership with no related party transactions involved.

Strategic Impact

The collaboration is expected to accelerate Atul Auto's presence in the electric vehicle segment significantly. Atul Auto Limited is among the fastest growing 3-wheeler companies in India, with presence across 25 states through 300+ primary and secondary networks. The company exports to more than 20 countries globally, with around 1 million ATUL vehicles plying on roads.

Source: Company/INE951D01028/7cbad47e-52ba-416b-93cf-05d04f457a06.pdf