Vijay Kedia stock in focus after its EV sales increase by 923% in January 2025Vijay Kedia stock in focus after its EV sales increase by 923% in January 2025

Introduction:

Leading three-wheeler manufacturer has reported a remarkable 922.73% increase in EV L5 sales for January 2025. The company also saw significant growth in 3W IC engine sales, while the overall electric vehicle segment grew by 12.59% for the fiscal year.

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Share price movement of Atul Auto:

On February 3, 2025, Atul Auto Ltd opened at ₹500.05, down 0.16% from its previous close of ₹507.45. The stock reached a high of ₹519.35 and a low of ₹500.05. By 13:06 PM, it traded at ₹508.75, a 0.26% increase, with a market cap of ₹1,411.85 crore.

Atul Auto Reports 922.73% EV Growth:

Atul Auto Limited has reported a staggering 922.73% growth in EV L5 sales for January 2025, with 225 units sold compared to just 22 units in January 2024. This remarkable surge highlights the company’s successful expansion in the electric vehicle segment.

The company also saw a 36.99% increase in 3W IC engine sales, with 1,634 units sold in January 2025. This growth reflects a strong demand for traditional three-wheeler vehicles in the domestic market.

Despite a 6.82% decline in EV L3 sales, the overall electric vehicle segment has grown by 12.59% for the fiscal year. Atul Auto’s total sales for January 2025 reached 2,772 vehicles, a 19.84% increase from the previous year.

Recent news on Atul Auto:

As of November 14, 2024, Atul Auto Ltd electric mobility firm, AGPL, partnered with HPCL to promote its electric three-wheelers, ENERGIE and ENERGIE 2, through HPCL’s HP GAS distributors, aiming to expand eco-friendly transport solutions across India.

Stock performance of Atul Auto for Period of 1 week, 6 months and 1 year:

Atul Auto Ltd has seen a 3.19% increase in stock price over the past week. However, it has experienced a 23.9% decline over the past six months and a 9.07% decrease over the past year, reflecting overall underperformance.

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Shareholding pattern of Atul Auto:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	42.70%	42.70%	42.70%
FII	0.60%	0.60%	0.60%
DII	0.10%	0.30%	0.40%
Public	56.50%	56.40%	56.30%

About Atul Auto:

Atul Auto Ltd (NSE: ATULAUTO), established in 1986, is a leading manufacturer of 3-wheeler commercial vehicles in Gujarat. The company produces auto rickshaws and pick-up vans for domestic and international markets, with a robust dealer network and manufacturing plant in Rajkot.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.