Atul Auto zooms~12% on partnership with Valeo and Honda Power Pack Energy India for EV

21 Apr 2022 , 03:27 PM

Atul Auto Limited informed exchanges that its significant arm Atul Greentech Private Limited (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 is engaged in designing and developing innovative solutions for last mile electric mobility for both domestic and export markets.

Over the last few years, AGPL is actively engaged in developing automotive grade fix thermal battery solutions, Battery Management Systems, and Vehicle Telematics Solutions. To expand its product offering and to better cater to the needs of the last mile mobility customers, the company is extending this collaboration.

The vehicle with a swapping battery will include Valeo’s integrated compact electric powertrain system.

This world-class swappable solution from AGPL will help the company’s fleet and individual customers to lower the total cost of ownership and upfront capital expenditure.

At around closing, Atul Auto was trading at Rs205.05 up by Rs21 or 11.41% from its previous closing of Rs184.05 on the BSE. It has touched today’s high and low of Rs213 and Rs196 respectively.