Atul Auto Plans to Expand Electric 3-Wheeler Business Through New Subsidiary

By Amit Jangra | Published Date : January 17, 2026

Atul Auto plans to strengthen its electric 3-wheeler business by acquiring its subsidiary Atul Greentech to improve operations, reduce cost and support future growth.

Atul Auto, which is based in Rajkot and known for atul 3 wheelers, is now planning to make its electric business stronger. The company has approved the acquisition of its subsidiary company Atul Greentech, which looks after the electric three-wheeler side. Atul Auto already owns 79.39 percent stake in this EV business, so the move is more about bringing things together and working in a better way.

The company said this step is taken to improve business performance, reduce extra cost and make operations smooth. Many people in the industry see this as a long-term move.

Deal Value and Timeline

Table of Contents

1. Deal Value and Timeline

2. How This Transaction Helps Both Sides

3. Why Atul Greentech Matters

4. What Happens to Dealerships

5. Final View

You Might Like: 5 Key Highlights of the Force Trax Cruiser in 2026

The total value of this transaction is around Rs 35.26 crore. The deal is still under evaluation and will be done as a lump sum consideration. As per the company, the process should be completed in about 15 days, once all approvals are received.

These approvals will come from the board of directors and also from the audit teams linked to both companies. After that, the final execution of the deal will happen.

How This Transaction Helps Both Sides

As per details shared with BSE and NSE, the coming together of Atul Auto and Atul Greentech is expected to help in many ways. Product development can become faster, manufacturing quality can improve and the company can expand its network better.

The company also plans to use its 3S knowledge – sales, service and spare parts in a combined way. This will help both electric 3 wheelers and normal ICE vehicles. Customers may get better products which are made as per market needs.

Cost saving is another big reason behind this step. With integrated dealerships and shared systems, business expenses can reduce and profits may improve slowly over time.

Why Atul Greentech Matters

Atul Greentech focuses on L5 electric three-wheelers and already has a strong presence in the market. The company is not limited to India only. It also operates in countries like Belgium, Italy, France, Peru, South Africa and the Philippines.

In terms of numbers, the growth is clearly visible. In FY 2024-2025, the turnover reached Rs 62.27 crore, compared to Rs 14.12 crore in FY 2023-2024. This shows rising demand, decent pricing and good vehicle performance.

What Happens to Dealerships

The current dealer network will continue as it is. There will be no change in daily operations. But now, Atul Auto’s regular dealerships will also be able to sell electric 3 wheelers.
This means dealers can offer loading 3 wheelers and passenger 3 wheelers in both ICE and EV options. For customers, it becomes easier because they can choose both types under one roof.

Final View

Overall, this move can help Atul Auto manage its EV business better. Instead of running it as a separate unit, the integration can solve issues like sourcing and limited sales. For customers and dealers, it brings more options and better support in the 3 wheelers segment.

Also Read: Ashok Leyland Expands Product Range in Indian CV Market

---

Frequently Asked Questions on Commercial Vehicles

1: What is Atul Auto planning with Atul Greentech?

Ans: Atul Auto plans to acquire its subsidiary Atul Greentech to improve electric 3-wheeler operations and make the business more efficient.

2: How much is the deal value of this acquisition?

Ans: The transaction value is around Rs 35.26 crore and is expected to be completed after required approvals.

3: Will existing dealerships be affected by this move?

Ans: No, current dealerships will continue as usual, but they will also be able to sell electric 3-wheelers.

4: Why is Atul Greentech important for Atul Auto?

Ans: Atul Greentech has strong performance, growing turnover and presence in international markets, making it a key partner for EV growth.

---

Join us for the latest updates on the Truck Industry -

☞  Facebook 

☞  Instagram

☞  YouTube

☞  Twitter

☞  LinkedIn

☞  Threads

Join Our WhatsApp Channel