Mumbai: Atul Auto, a small-cap company in the two-wheeler and three-wheeler segment, saw its stock surge nearly 16 per cent on April 1, 2025. This rally came after four consecutive days of decline, signaling a strong recovery.
The surge was driven by a 17.5 per cent year-on-year increase in domestic sales for March 2025, thanks to robust demand for its internal combustion (IC) engine three-wheelers. According to the company’s filing, Atul Auto sold 3,391 three-wheelers in the domestic market in March 2025, up from 2,886 units a year earlier.
Growth in IC Engine Sales, Decline in Electric Models
The growth was primarily led by a 34.26 per cent increase in IC engine three-wheelers, which rose to 2,708 units from 2,027 in March 2024. However, electric three-wheeler (L3) sales declined by 42.90 per cent year-on-year to 473 units. On the other hand, electric L5 sales saw a remarkable 425 per cent surge, reaching 210 units.
Strong Annual Performance
Including exports, Atul Auto’s total sales stood at 3,693 units in March 2025, marking an 18.06 per cent increase compared to March 2024. For the fiscal year 2024-25, the company’s total sales, including exports, reached 34,012 units, reflecting a 30.62 per cent rise from the previous fiscal year.
Stock Performance and Market Reaction
Despite a 14.77 per cent decline over the past three months, Atul Auto’s stock has surged 190.95 per cent over the last three years, showcasing its long-term growth potential. On April 1, the stock opened 2.72 per cent higher and hit an intra-day high of Rs 511.15, marking a 15.80 per cent rise from its previous close of Rs 441.40 on the BSE.
