Atul Auto - Continue To Expect Recovery In FY22: Anand Rathi

Workers at assembly line of Atul Auto Ltd. (Source: Company website)

Atul Auto - Continue To Expect Recovery In FY22: Anand Rathi

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

We expect strong growth in FY22 for Atul Auto Ltd., driven by new and expected product launches and its versatility of products across the three-wheeler platform.

We expect strong growth to come as lockdowns are easing gradually.

The company recently launched a CNG passenger three-wheeler, which we believe will aid volumes in FY22.

On the electric front, it plans to launch an electric three-wheeler by October 2021; we expect that to contribute to growth in FY22 and FY23.

Demand for cargo three-wheeler vehicles are also expected to grow, supported by demand from e-commerce, fast moving consumer goods and pharma.

Also, the company’s new plant at Ahmedabad is ready for future growth.

Click on the attachment to read the full report:

Anand Rathi Atul Auto Company Update.pdf

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