Gujarat’s Atul Auto to enter four-wheeler segment

Rajkot based Atul Auto has announced its plans to enter into the four-wheeler commercial vehicle segment and has already started scouting for land near Ahmedabad to set up a plant with 50:50 joint venture.

The company is scouting for land in Ahmedabad with around Rs 200 crore investment.

The company is presently involved in manufacturing of only three-wheelers, however it wants to enter into four-wheeler segment.

Company’s right issue has been approved by Securities Exchange Board of India(SEBI).

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