Atul Auto Reports Mixed Performance in September 2025 as EV Sales Decline

Atul Auto Limited announced its sales figures for September 2025, revealing a nuanced performance across its product portfolio with traditional internal combustion engine vehicles showing growth while electric vehicle sales continued to face headwinds.

For the month of September 2025, Atul Auto's total domestic sales declined 2.97% to 2,971 units compared to 3,062 units in September 2024. However, when including exports, the company achieved modest growth of 4.22%, with combined sales reaching 3,503 units against 3,361 units in the same month last year.

The company's three-wheeler IC engine vehicles demonstrated strong momentum, with domestic sales rising 9.40% to 2,280 units in September compared to 2,084 units a year earlier. Including exports, IC engine sales grew 18% to 2,812 units.

In contrast, the company's EV-L3 segment experienced a significant contraction of 36.96%, declining to 539 units in September from 855 units in the previous year. This continues a trend of declining electric three-wheeler sales that has affected the broader industry.

A bright spot in the electric vehicle portfolio was the EV-L5 segment, which recorded growth of 23.58% in September with 152 units sold compared to 123 units in September 2024. These vehicles are manufactured by Atul's subsidiary, Atul Greentech Private Limited.

Year-to-Date Performance

For the fiscal year 2025-26 through September, Atul Auto's domestic sales remained nearly flat with marginal growth of 0.50%, totaling 14,367 units compared to 14,296 units in the corresponding period of the previous fiscal year. Combined domestic and export sales for the year-to-date period grew 4.93% to 16,178 units from 15,418 units.

IC engine three-wheelers led the growth trajectory with year-to-date domestic sales increasing 7.82% to 10,616 units and combined sales rising 13.29% to 12,415 units.

The EV-L3 segment's struggles persisted on a year-to-date basis, with sales declining 24.83% to 2,970 units from 3,951 units in the previous fiscal year. Meanwhile, the EV-L5 category continued its strong performance with year-to-date growth of 56.51% in the domestic market, reaching 781 units compared to 499 units in the prior year period.

The September sales update was disclosed to the BSE and National Stock Exchange of India by Managing Director Neeraj J Chandra.