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Anand Rathi Report
Atul Auto Ltd.'s three wheeler off-take was tepid and higher raw material costs arrested margins.
Volumes are expected to be strong in the near to medium term as Covid-19 related issues are now behind. Schools, colleges and offices operating at full capacity and improving rural sentiment would aid volume growth in subsequent quarters.
The expected launch of L5 lithium-ion three wheeler electric vehicles augurs well for Atul Auto's volume growth.
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