Atul Auto announces affirmative collaborations in electric-3-W space

News: Atul Auto, in a regulatory exchange filing, informed about collaborating with Honda Power Pack Energy India Pvt. Ltd & Valeo for development of E-Auto prototype (cargo & passenger segments).

Views: The company is developing the electric 3-W prototype using swappable battery solutions from Honda Power & integrated compact powertrain solutions from Valeo. It is expected to launch this product post successful field trials. Electric offering in the 3-W space is paramount for existence in the OEM space and is encouraging that Atul Auto is actively working on this domain. Successful launch of this product would support the company in its wholesales volumes, which were supressed in FY22.

Impact: Positive