Three-wheeler manufacturer sees 19% growth in IC engine vehicles but faces 33% drop in electric vehicle sales during June 2025.
01 Jul 2025 | 2734 Views | By Sarthak Mahajan
Atul Auto Limited, a leading three-wheeler manufacturer based in Gujarat, reported mixed sales performance for June 2025, with conventional internal combustion (IC) engine vehicles showing strong growth while electric vehicle segments experienced significant declines.
The company's domestic sales of IC engine three-wheelers surged 19.03% year-on-year to 1,889 units in ...
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Atul Auto Limited, a leading three-wheeler manufacturer based in Gujarat, reported mixed sales performance for June 2025, with conventional internal combustion (IC) engine vehicles showing strong growth while electric vehicle segments experienced significant declines.
The company's domestic sales of IC engine three-wheelers surged 19.03% year-on-year to 1,889 units in June 2025, compared to 1,587 units in the same month last year. This positive momentum in traditional vehicles helped offset challenges in the electric vehicle portfolio.
However, Atul Auto's electric vehicle (EV) segment faced headwinds during the month. L3 category electric vehicles dropped 32.71% to 502 units from 746 units in June 2024, while L5 category EVs, manufactured by subsidiary Atul Greentech Private Limited, declined 28.99% to 120 units from 169 units.
Overall domestic sales remained relatively flat, growing just 0.36% to 2,511 units in June 2025 compared to 2,502 units in the previous year. When including export sales, total sales improved 2.93% to 2,705 units from 2,628 units.
For the fiscal year-to-date period (April-June 2025), Atul Auto showed more encouraging trends. Domestic IC engine sales grew 7.08% to 4,584 units, while total domestic and export sales increased 4.22% to 6,932 units compared to 6,651 units in the same period last year.
The mixed performance reflects broader industry trends where traditional three-wheelers continue to see demand growth, particularly in commercial applications, while the electric vehicle transition faces challenges including infrastructure development and cost considerations.
Atul Auto, incorporated in 1986 and listed on both BSE and NSE stock exchanges, operates from its facility on National Highway 8-B near Rajkot. The company's Managing Director Neeraj J Chandra submitted the sales update to stock exchanges as part of regular disclosure requirements.