Atul Auto Ltd Acquires L5 Electric Three-Wheeler Vehicle Business from Subsidiary Atul Greentech for Rs. 3526 Lacs

Atul Auto Ltd has approved the acquisition of L5 Electric Three-Wheeler Vehicle Business from its subsidiary, Atul Greentech Private Limited, for a consideration of Rs. 3526 Lacs. This acquisition is in line with the existing business of the Company and is expected to generate strong synergy benefits through integration of operations, marketing and dealership network. The combined platform will strengthen service, parts management, and marketing efforts by leveraging AAL’s established dealer and service network. The transaction aims to create a seamless ecosystem for electric vehicle production and distribution, aligning with the long-term growth strategy of both AGPL and AAL. The L5 Vehicle Division of AGPL is selling its L5 Electric vehicles globally in countries like Belgium, France, Italy, South Africa, Peru and Philippines.