- CEO
- Neeraj J. Chandra
- Full Time Employees
- 1,387
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- Survey No. 86, Plot No. 1-4 Rajkot GU India 360024
- IPO Date
- Mar 11, 1996
- Business
- Atul Auto Limited Atul Auto Limited manufactures three-wheeled commercial vehicles for passenger and cargo transportation in India and exports to over 25 countries across Asia, Africa, Latin America, and Europe; its core products encompass diesel, petrol, CNG, LPG, and electric variants including cargo models such as GEM Cargo Diesel, GEM Delivery Van, GEM Cargo CNG, Elite Cargo series, Mobili2, and Energie2, alongside passenger vehicles like RIK+ CNG, RIK Petrol, GEM Paxx CNG, Elite+, and e-rickshaws, supplemented by spare parts, accessories, and auto finance services through affiliates. Headquartered in Rajkot, Gujarat, with manufacturing facilities in Shapar, Rajkot, and Bhayla near Ahmedabad boasting a combined annual capacity of 120,000 vehicles, the company traces its origins to 1970 and was formally incorporated in 1986. Atul Auto Limited holds approximately 4% of the domestic three-wheeler market share and ranks among India's top five manufacturers as the sole provider of a comprehensive multi-fuel portfolio tailored for rural mobility, last-mile delivery, and urban transport needs.
In recent developments, Atul Auto Limited has accelerated its transition to green mobility by investing over ₹30 crore in subsidiary Atul Greentech Private Limited, valued at ₹950 crore following fresh capital infusions from promoters and investors including Vijay Kedia and NAV Capital, enabling launches of electric models like Atul Mobili2 (207 km range) and Energie2 (195 km range) with advanced telematics via Atul Intelligent System. Atul Greentech expanded with 10 new dealerships across Gujarat, Rajasthan, Chhattisgarh, Bihar, and Uttar Pradesh in 2024, while forging strategic partnerships with Honda Power Pack Energy India and Valeo for swappable battery prototypes in cargo and passenger three-wheelers, and with Jio Things Limited for digital connectivity, EV charging, and telematics solutions. Further, the company established Atulease Private Limited in June 2024 as an 80%-owned subsidiary for vehicle leasing and rental operations with ₹10 lakh initial capital, commenced production at the new Bhayla plant adding 60,000 units capacity, achieved debt-free status post preferential warrants capitalization, and reported 5% year-over-year sales growth to 4,012 units in October 2025 under Managing Director Neeraj Chandra following a leadership transition from J.J. Chandra.