We Have No Choice But To Raise Price of The Vehicle Soon – Atul Auto Ltd
DSIJ Intelligence / 17 Mar 2012
This budget has been kind of a neutral budget but it is probably after a very very long time. Since the fiscal deficit is increasing, growth momentum may become slow. It was expected that there would be significant changes in terms of expenses, subsidies etc. but turned negative. The market borrowing program is significantly higher than expectations, which is negative. Since 3 wheeler is the most cheapest and most fuel efficient transportation in the world for masses and common people, It would have been spared from any duty rise. But Excise duty on automobile has been raised by 2%. Industry is already reeling under cost pressure. We have no choice but to raise price of the vehicles soon.
Vijay Kedia
Director, Atul Auto Ltd.
About Atul Auto: Atul Auto Ltd. is one of the key three wheeler manufacturing Company in the country having its manufacturing facility at Rajkot in the state of Gujarat with deep understanding and knowledge of rural and semi rural market needs and demands. Atul Auto is manufacturing different models in Passenger and Load carrier category. In the load category, they have customized vehicles for chicken carriers, soft drink carrier, tipper, mobile shop, water carrier, etc. The passenger carrier have engine of 395 cc and have extra comfort and legroom for passengers. Apart from Atul Gem, Atul manufactures, market and export both cargo and Passenger three wheelers under the brand name “ATUL SHAKTI” . More than 250,000 Atul vehicles are on the Indian as well as foreign roads with commendable success, both in terms of workmanship and after sales service through our well spread Authorized Dealer’s Network operating in 16 Indian States and export destination. Atul Auto ltd is listed in Bombay Stock Exchange.
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