For the April to August 2023 period, the companys total sales aggregated to 7,803 units, registering a decline of 13.83% from 9,055 units sold in the same period a year ago.Atul Auto is leading three wheeler manufacturing company in Rajkot, Gujarat, India. It has a complete range of 3-wheeler products across the fuel range diesel, petrol, CNG, LPG and electric.The company reported a consolidated net loss of Rs 9.03 crore in Q1 FY24 as against a net loss of Rs 3.65 crore recorded in Q1 FY23. Net sales dropped 44.9% to Rs 57.61 crore in the quarter ended 30 June 2023.
The firm reported a 114.56 percent increase in its sales for March at 3,154 units from 1,470 in the year-ago period. In FY23, the three-wheeler manufacturer's sales climbed 59 percent to 25,549 units from the previous year