Also unveils a unique concept auto
Atul Auto Limited, India’s fastest growing three wheeler manufacturer, showcased its new and premium range of diesel and CNG Three-Wheeler Vehicle. The products are introduced under the brand of ‘Atul Gem’ and ‘Atul Gemini CNG’ at the ongoing 14th Auto Expo Motor Show. The company offers wide range of diesel and CNG three-wheeler products in both front and rear engine platform for passenger and cargo transportation.
Atul Auto with an annual production capacity of 60,000 units at its Rajkot plant has received overwhelming response for its product range “Atul Shakti” and “Atul Gem”, from both rural as well as semi-urban market, collectively selling over an astounding figure of 2,75,000 units. To further strengthen its market share and reach new markets, the company has introduced its much awaited CNG three-wheeler Gemini range.
India is the fifth largest commercial vehicle manufacturer in the world. India’s domestic three-wheeler market stood at 5,31,927 units in 2014-15 growing at moderate rate. These micro commercial vehicles are being used for transportation of passengers and cargo, where Atul Auto stands second for cargo vehicles. The company added extra sheen to its wide range of products with introduction of CNG commercial passenger products which not only helps in reducing pollution but also provides value for the owner.
Elaborating further, Mr. Jayanti Chandra, Chairman and Managing Director, Atul Auto Limited said, “Atul Auto has always delivered value to its customers and stakeholders, focusing on development of various low cost and last mile transportation solutions through its uniquely designed product range. The well-equipped R&D centers supported by talented team of engineers are engaged continuously for up gradation and improvement of existing product in addition to development of various new products. We are already a leading name in the three wheeler space, with the new products we plan to capture substantial market share while offering our customer an environment friendly product which is low on maintenance and cost effective.”
Atul Auto also displayed a unique concept auto at the expo, plans to introduce it in the near future.
Commenting on this occasion, Mr. Jitendra Adhia, President (Finance), Atul Auto Ltd said, “We are the fastest growing three wheeler manufacturer and have attained CAGR of 21% in last 5 years and expect to deliver the outstanding performance going ahead as well. Even in the current fiscal we have outperformed the industry. All products of Atul Auto Ltd are backed with low cost transport solution for common people with its customer centric approach. The company has delivered consistent improvement in its finance performance throughout last 5 years and enjoys the debt-free status as well. In line with its long term vision to acquire the decent market share in commercial vehicle segment and to capture future growth, company has started conceiving the green field expansion for capacity addition of another 60,000 units at Ahmedabad at an estimated capex of Rs. 150 crores.”
“Along with CNG, the company has introduced its upgraded products in the form of premium series. With the introduction of CNG three wheelers we would be addressing complete spectrum and all sections of the market. From the new plant which is coming up at Ahmedabad, many futuristic products are lined up, witnessed to that, company showcased its next generations proto model during the expo, the unique concept auto. Company’s wide network with 200 dealers and more than 120 secondary dealers’ network along with additional 200 touch points is the core strength for company’s further growth,” said Mr. Paul Zachariah, President Marketing & Sales, Atul Auto.
“With all these initiatives company is going to justify its well said tag line Growing Bigger and Growing Better”, Mr. Adhia added.