Atul Auto picks up speed

Atul Auto is doing very well today; opening over 7.5% higher at Rs.198 and going up to an intraday high at Rs.213, a rise of over 15.5%. Its 20% UC for the day is at Rs.220.85.

The market is happy about this new development - Atul Greentech Private Limited (AGPL), a subsidiary of Atul Auto, engaged in designing and developing innovative solutions for last mile electric mobility, is now collaborating with Honda Power Pack Energy India and Valeo.

This collaboration is to develop the prototype Cargo and Passenger three-wheeler with the most reliable Honda Mobile Power Pack e: Swap & Valeo powertrain system.

AGPL will launch the e-vehicle after successful completion of field trials.

The vehicle with swapping battery is expected to bring down total cost of ownership and upfront capital expenditure for customers.