Atul Auto Share Price Surges Over 6% on Signing ₹490 Crore EV MoU With Exponent Energy

Atul Auto share price is expected to remain in focus after the company announced a strategic collaboration in the electric vehicle segment, signalling its push towards expanding presence in EV mobility. 

Key Development 

Atul Auto Limited has entered into a Memorandum of Understanding (MoU) with Exponent Energy Private Limited for the manufacturing and supply of electric 3-wheelers.  

The agreement involves production of 15,000 vehicles integrated with Exponent’s battery system and powertrain over a period of three years, subject to regulatory approvals.  

Order Size and Execution Details 

The total value of the agreement is estimated at around ₹490.50 crore, including the cost of battery systems and powertrain.  

Each vehicle is priced at approximately ₹3.27 lakh (excluding GST). The execution timeline will be a period of 3 years begins from the receipt of state transport authority approvals. The said period is extendable by an additional grace period of 6 months for completion of the volume commitment. 

Under the collaboration, Atul Auto will act as the original equipment manufacturer (OEM), handling vehicle manufacturing, assembly, quality checks, and final delivery.  

Exponent Energy will provide the battery system and powertrain, along with its rapid charging technology capable of enabling faster turnaround for commercial EVs.  

Strategic Implication 

The partnership is expected to strengthen Atul Auto’s positioning in the electric three-wheeler segment, a category witnessing rising adoption due to lower operating costs and supportive policy environment. Integration of advanced battery technology and rapid charging capability could enhance product competitiveness and support wider market acceptance. 

Read More: Atul Auto Share Price Jump Over 9% as Q3 FY26 Earnings Net Profit Nearly Doubles to ₹15 Crore! 

Atul Auto Share Price Performance 

As of 24 April 2026, at 9:58 AM, Atul Auto share price is trading at ₹506.50 per share, reflecting a surge of 6.96% from the previous closing price. 

Conclusion 

The MoU marks a key step in Atul Auto’s EV strategy, with the collaboration expected to drive volume growth and strengthen its foothold in the evolving electric mobility space. 

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