@Kuldeepjadeja
Well this is a valid point, specially when EV’s seems to be are struggling & other car manufacturers are not doing well.
The products in which Atul Auto specially deals are 3 wheelers and battery rickshaws (e-rick). So the comparison is not apple to apple.
Another point, the e-rick segment has penetrated the mass segment beautifully across the country with countless manufacturers (at-least my observation, where I see an e-rick plying in small town or in village to even in certain hill side towns).
If you see the value chain, after e-rick comes battery operated 3Wheelers, where Atul is already present.
I dont know, how this would unfold in future, but given Atul’s history, even if it utilises 100% factory utilisation & is able to sell it all. The upside for a retail investor like us remains significant.
Disc : Invested and Biased.
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