Atul Auto Sales Up 18% in March, 30.62% Growth in FY25

Update On: Wed Apr 09 2025 by Tanya Athany

In a resounding display of momentum, Atul Auto has capped off the financial year with impressive gains. The Gujarat-based commercial vehicle manufacturer clocked an 18.06% surge in March 2025 sales, delivering 3,693 units, compared to 3,128 in March of the previous year. This follows a similarly strong February performance, hinting at a company that’s not just growing—but accelerating.

Breaking Down the Numbers

The bulk of this growth came from Atul’s bread-and-butter: internal combustion (IC) engine three-wheelers. Sales in this segment shot up by 32.36%, reaching 2,990 units—a clear indication that demand for conventional powertrains remains strong in India’s commercial mobility landscape.

But what about the future? That’s where Atul’s electric ambitions come into play.

Their EV-L5 category—a segment encompassing larger and more powerful auto e-rickshaws—saw a phenomenal 475% jump, from a modest 40 units in March 2024 to 230 units this March. This spike signals growing market acceptance of more robust electric cargo and passenger vehicles.

However, the EV story wasn’t all green. EV-L3 sales, typically smaller e-rickshaws, fell sharply by 42.94%. Only 473 units were sold, down from 829 the previous year. Whether this is a blip or a broader shift in preference remains to be seen.

Year in Review: FY25

Zooming out, Atul Auto ended FY25 with a 30.62% year-over-year growth, selling 34,012 vehicles versus 26,039 in FY24.

IC engine vehicles once again led the charge, growing by 35.84% to 25,375 units. Electric performance was more of a mixed bag: the EV-L3 segment barely moved the needle, inching up just 0.96%. On the other hand, the EV-L5 category became a bright spot, with 1,667 units sold, marking a spectacular 266.37% annual leap.

Home Turf vs. Global Push

Domestically, Atul Auto pushed 3,391 units in March, up 17.5% from the previous year’s 2,886 units. Cumulatively, domestic sales for FY25 rose to 30,776 units, a healthy 29.32% rise. This affirms the brand’s growing grip on the Indian market, especially in the light commercial vehicle segment.

Meanwhile, exports—though not yet the main game—are becoming increasingly important. The company has plans to boost its export share from the current 11% to 15-20% over the next three years.

Subsidiary Snapshot

Atul’s EV-focused arm, Atul Greentech Private Limited, contributed 234 units in March alone. But there's a technical footnote here—these numbers aren’t part of the company’s standalone sales since July 2024, so they aren't counted in the official FY25 totals.

Conclusion

Atul Auto has already set its sights on 40,000 units for FY26 and 50,000 the year after. Plans include adding 40 new dealerships, ramping up EV production, and scaling exports.

Currently, EVs make up 28% of Atul Auto’s total sales, and that share is expected to climb as both policy support and consumer interest in clean mobility continue to grow.