Atul joins hands with Valeo and Honda Power Pack Energy India for Electric Vehicles with Battery Swapping Solution

Atul Greentech Private Limited (AGPL), a subsidiary of Atul Auto Limited, engaged in designing and developing innovative solutions for last mile electric mobility for Domestic and Export Markets. Over the last couple of years, AGPL has developed automotive grade fix thermal battery solutions, Battery Management Systems and Vehicle Telematics Solutions. To enlarge its product offering and to better service the needs of the last mile mobility customers, AGPL is now collaborating with Honda Power Pack Energy India Pvt. Ltd. and Valeo to develop the prototype Cargo and Passenger three wheeler with the most reliable Honda Mobile Power Pack e: Swap & Valeo powertrain system. AGPL would launch the e-vehicle after successful completion of field trials. The vehicle with swapping battery will be equipped with Valeo's integrated compact electric powertrain system. This world class swappable solution from AGPL will enable our fleet and individual customers to lower the Total Cost of Ownership and up front capital expenditure.

Shares of Atul Auto Limited was last trading in BSE at Rs. 184.05 as compared to the previous close of Rs. 187.25. The total number of shares traded during the day was 7517 in over 395 trades.

The stock hit an intraday high of Rs. 192.00 and intraday low of 181.20. The net turnover during the day was Rs. 1415706.00.

Source : Equity Bulls

Keywords

AtulAuto INE951D01028 AtulGreentech HondaPowerPackEnergyIndia Valeo EVehicle