Atul Auto Reports Strong Growth in IC Engine Three-Wheelers, Electric Sales Dip Sharply

Key Highlights:

• Atul Auto's domestic IC engine vehicle sales grew 19.03% in June 2025, reaching 1,889 units.
• Electric vehicle sales declined sharply, with L3 EVs down 32.71% and L5 EVs falling 28.99% year-on-year.
• Overall domestic sales stayed almost flat at 2,511 units, marking a marginal 0.36% rise.
• Total sales, including exports, stood at 2,705 units, reflecting a modest 2.93% annual growth.
• April–June 2025 quarterly data showed a 7.08% rise in IC engine sales and a 4.22% growth in total sales.

Atul Auto Limited, a Rajkot-based three-wheelermanufacturer, has reported mixed results in sales numbers for June 2025. While its conventional IC engine vehicles performed well in the domestic market, the electric vehicle (EV) segment witnessed a sharp drop.

Strong Growth in IC Engine Vehicles

The company sold 1,889 IC engine three-wheelers in the domestic market in June 2025. This is a 19.03% increase compared to 1,587 units sold in June 2024. The rise in demand for traditional vehicles, especially in commercial use, played a big role in keeping overall numbers stable. This growth comes at a time when several small businesses and transport operators continue to rely on tried-and-tested diesel and petrol-powered vehicles due to their availability, ease of service, and cost familiarity.

EV Segment Sees a Steep Decline

On the other hand, Atul Auto's electric vehicle segment had a difficult month. The L3 category EVs (mainly used for passenger and light goods transport) recorded a 32.71% drop in sales. Only 502 units were sold in June 2025 compared to 746 units in June 2024. L5 category EVs, manufactured by Atul Greentech Private Limited, also saw a decline. Sales fell by 28.99%, down to 120 units from 169 units in June 2024.

The drop in EV sales reflects challenges that are common across the industry, such as a lack of charging infrastructure, higher upfront costs, and limited range, especially in rural and semi-urban markets where Atul Auto has a strong presence.

Flat Overall Sales for the Month

Despite the ups and downs within product categories, overall domestic sales remained nearly flat. The company sold a total of 2,511 units in India in June 2025, compared to 2,502 units in June 2024. This shows a 0.36% increase in sales.

When exports are included, the sales numbers improve slightly. Atul Auto’s total sales (domestic plus exports) reached 2,705 units in June 2025, up from 2,628 units in June 2024, marking a 2.93% rise.

Fiscal Q1 (April-June 2025) Shows Positive Signs

Looking at the bigger picture over the first three months of the fiscal year, the company seems to be on a better path. Between April and June 2025, Atul Auto sold 4,584 IC engine vehicles in the domestic market, a 7.08% increase over the same period last year.

Total sales (including exports) during April-June 2025 stood at 6,932 units, compared to 6,651 units during the same quarter in 2024. That’s a growth of 4.22%, which indicates steady demand in key markets.

Industry Trends Behind the Numbers

The numbers highlight a broader trend in the Indian three-wheeler industry. Traditional fuel-powered vehicles continue to lead the market, especially in Tier 2 and Tier 3 cities, thanks to their cost-effectiveness and widespread support network.

Meanwhile, EV adoption is still facing roadblocks. While demand for electric three-wheelers has grown in some urban areas, factors like cost, battery life, and infrastructure gaps are still holding back wider adoption.

About Atul Auto Limited

Founded in 1986, Atul Auto Limited has been a long-standing player in India’s three-wheeler space. Its manufacturing facility is located near Rajkot on National Highway 8-B. The company is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The June 2025 sales figures were officially submitted by Managing Director Neeraj J Chandra as part of the company’s routine stock exchange disclosures.

Also Read: Atul Auto April 2025 Sales Report: EV Growth Balances Domestic Decline

CMV360 Says

Atul Auto’s June 2025 sales performance reflects a clear divide in market sentiment. The strong growth in IC engine vehicle sales indicates that traditional three-wheelers continue to hold steady demand, particularly in the commercial and semi-urban segments. However, the significant decline in electric vehicle sales highlights ongoing challenges in EV adoption, including limited infrastructure, higher costs, and operational uncertainties.