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Atul Auto launches its all new Nxt Gen, Atul RIK CNG Autorickshaw for Gujarat

Posted On: 2021-03-07 22:25:39 (Time Zone: Arizona, USA)


Atul Auto Limited, one of India's fastest growing 3-wheeler manufacturer today announced the launch of the new RIK CNG Passenger for the Gujarat market. RIK platform was conceived after an extensive research keeping in mind the customer requirements both for the domestic and International markets. Atul RIK will be available in 3 fuel variantsCNG, LPG & Petrol.

The new Atul RIK CNG combines both Style and Economics. It comes with features like International styled beige dashboard, semi digital Instrument cluster, step less entry, and first ever L.E.D tail lamps. When it comes to (RoI) Return on Investment, company has taken care of RIK customers by offering "Atulya Vishwas" scheme which makes it the most attractive value creator in its space. In addition to Atulya Vishwas, the RIK CNG/LPG variant comes with a 36 months (unlimited km) super warranty. RIK Platform.

Gujarat has always been a strong foot hold for the company, having a network reach of 120+ touch points; This matches location to location, the extensive CNG fuel network of Gujarat.

Post April 2021, the company shall start supplies of RIK - PAN India and in the international markets.

Speaking on the occasion, Mr. Niraj Chandra, Director, Atul Auto Limited, said... "Small CNG auto rickshaw segment was waiting for a stylish and trendy product since many years. The style conscious customers prefer technology and style over traditional looks. We have introduced the RIK with a 360 degree approach, ensuring end to end solutions for the customers. By introducing RIK, we are sure to gain a good market share in 0.35T 3 wheeler industry."

The President Finance, Shri J V Adhia added, "Atul Auto Limited (AAL) will strongly back RIK CNG/LPG at all locations with Khushbu Auto Finance (KAFL), the NBFC associate concern of AAL along with other retail finance partners.

The Vice President, Sales & Marketing, Mr Pushkar Sinha said." The small & midsize segment alternative fuel is already showing strong growth indicators fuelled by rising diesel prices, pollution concerns and the opening up of Metros and suburban railways. Gujarat is our forte and we are targeting minimum 25% market share."

Shares of ATUL AUTO LTD. was last trading in BSE at Rs.197.35 as compared to the previous close of Rs. 205.05. The total number of shares traded during the day was 18238 in over 387 trades.

The stock hit an intraday high of Rs. 208 and intraday low of 196.3. The net turnover during the day was Rs. 3649217.


Source: Equity Bulls

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