Atul Auto's May Sales Up by 7.34%
By Ankur Chandra | Published at: Jun 2, 2025 02:12 PM IST
Rajkot | June 2, 2025 – Atul Auto Ltd (BSE: 531795 | NSE: ATULAUTO) has reported a 7.34% YoY (year on year) increase in total vehicle sales in May, 2025. The strong sales numbers are attributed to the high growth in IC (Internal Combustion) engines in the three-wheeler segment, whereas the EV sales figures demonstrated a dip during the same period. The share price responded positively to this update, with a 1.54% rise from the closing price on Friday.
Key Sales Highlights – May 2025
| Segment | May 2025 | May 2024 | YoY Change |
|---|---|---|---|
| IC Engine 3W (Domestic + Export) | 1,938 | 1,722 | +12.54% |
| EV – L3 | 369 | 574 | -35.71% |
| *EV – L5 (Atul Greentech Pvt Ltd) | 195 | 35 | +457.14% |
| Total Sales | 2,502 | 2,331 | +7.34% |
Note: EV-L5 sales were contributed entirely by subsidiary Atul Greentech Pvt Ltd, with 195 units sold in May 2025.
Year-to-Date (FY26) Performance (Apr–May)
| Segment | FY25-26 | FY24-25 | Growth (%) |
|---|---|---|---|
| IC Engine 3W | 3,126 | 2,971 | +5.22% |
| EV – L3 | 857 | 1,000 | -14.30% |
| *EV – L5 | 244 | 52 | +369.23% |
| Total Sales | 4,227 | 4,023 | +5.07% |
Segment-Wise Performance Insights
- IC Engine Vehicles continue to be the top performers, and have shown double-digit monthly and YTD growth.
- The EV—L3 category witnessed a 35.71% year-on-year decline in May. This was largely due to a slowdown within that subsegment.
- EV—L5 posted high exponential growth largely due to new volumes introduced by Atul Greentech Pvt Ltd. This indicated an overall positive traction in the premium electric three-wheeler models.
Management & Strategic Note
Neeraj J Chandra, Managing Director of Atul Auto Ltd, stated in the stock exchange filing that the overall performance is in line with internal targets. The contribution from Atul Greentech represents positive market trends and early exciting trends in the company’s electrification roadmap.
Outlook
Atul Auto’s growth projections are quite strong due to the IC engine demand, even when there are a few challenges in the L3 EV segment. The expansion in the L5 EV segment through the subsidiary is a positive signal, especially for its evolving product mix in a transitioning mobility landscape.
As its core business grows and the EV opportunities increase, the company appears to be consolidating its top position in both domestic and international markets by improving the core business performance and with growing EV ambitions.
REF: https://nsearchives.nseindia.com/corporate/ATULAUTO_02062025113517_Letter_SalesPerformance_BSE_NSE_May2025.pdf
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