Multibagger Stock: Vijay Kedia Gains Rs 18,68,68,685 in a Single Day as Auto Stock Jumps Nearly 8%

The Indian equity markets ended on a weak note on Friday, with the Nifty 50 closing at 24,012.60, down 160.45 points or 0.66 per cent. Sectoral indices showed mixed trends, with the Nifty Auto index declining 0.50 per cent to 25,697.70, indicating weakness in the auto space. Despite this, stock-specific action remained strong. Amid this, auto stock Atul Auto share price surged 8.01 per cent to Rs 511.50, reflecting positive investor sentiment following a key strategic announcement.

Atul Auto Strategic Partnership Update

Atul Auto has announced a strategic partnership with Exponent Energy to jointly develop and deploy rapid charging electric three-wheelers. The companies have committed to deploying 15,000 Exponent-powered passenger electric three-wheelers over the next three years, marking one of the largest EV scale-ups in this segment.The collaboration will integrate Exponent Energy’s OTO platform, which combines battery technology, powertrain systems, and vehicle software into a unified architecture. This platform supports both rapid charging and compatibility with public and home charging infrastructure.

Atul Auto Technology and Product Advantage

Exponent Energy’s proprietary technology enables 0 to 100 per cent charging in just 15 minutes, positioning it among the fastest charging solutions globally for commercial vehicles. The system also offers a 2 lakh km warranty, addressing key concerns related to battery life, durability, and resale value.

For customers, this translates into improved operational efficiency through higher vehicle availability, faster turnaround time, and lower operating costs, compared to conventional EVs.

Atul Auto Financing and Ecosystem Support

The partnership will also be supported by Exponent One, an EV financing platform, which will offer financing solutions along with embedded insurance and structured buyback options. This is expected to improve affordability and accelerate adoption in the commercial EV segment.

Atul Auto Management Commentary

Commenting on the partnership, Arun Vinayak, CEO and Founder of Exponent Energy, said, “With Atul Auto, we are bringing rapid charging, financing access, and proven vehicle platform technology together at scale. Our mission is to make electric the better choice, which means addressing the real barriers to adoption. Atul Auto's strong manufacturing legacy and deep understanding of the three-wheeler market make them a natural partner as we scale our mobility platform into OEM-integrated vehicles and enable adoption at a much larger scale.”

Neeraj Chandra, Managing Director, said.“Atul Auto has built a strong legacy of delivering reliable and high-quality three-wheelers to customers across India. This partnership with Exponent Energy allows us to bring cutting-edge rapid charging technology to our portfolio, enabling a significantly enhanced value proposition for our customers while accelerating our transition towards electric mobility.”

About Atul Auto

Atul Auto Ltd is a leading manufacturer of three-wheelers with a strong presence across India and international markets. The company operates across 25 states with over 300 sales and service touchpoints and exports to more than 20 countries, with over 1 million vehicles on road. It reported a turnover of over Rs 600 crore in FY25, reflecting steady growth in operations. Vijay Kedia holds an 18.20 per cent stake in the company

Share your thoughts in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.