Atul Auto Posts 11% Sales Growth in FY15

Manufacturer of three-wheeler commercial and passengers vehicles, Atul Auto, has registered a 10.76 per cent growth in domestic sales in FY15.

The company sold 41,598 units during April 2014 to March 2015 compared with 37,557 vehicles in the same period a year ago, registering a growth of 10.76 per cent in domestic sales, a company statement said.

Atul Auto manufacturers three-wheeler commercial vehicles, including auto rickshaws, cargo vehicles and pick-up vans.

The company plans to launch more variants, which will boost its top-line, the release said.

Niraj Chandra Director of Atul Auto said: "Stable government resulting in a better economic situation will lead to a gradual increase in three-wheeler demand. Rapid growth of urbanisation and migration in tier II, tier III cities and decline in oil prices will be key aspect of positive growth in current financial year for the industry."

The company says it is debt free and that strengthens its bottom-line, it said.