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Atul Greentech (AGPL), a subsidiary of Atul Auto, under this collaboration will develop the prototype cargo and passenger three wheeler with the Honda mobile power pack e: swap & Valeo powertrain system.
The vehicle with swapping battery will be equipped with Valeo's integrated compact electric powertrain system. This swappable solution from AGPL will enable our fleet and individual customers to lower the total cost of ownership and up front capital expenditure.
Honda Power Pack Energy India is fully owned subsidiary of Honda Motor Co., Japan. Honda Power Pack Energy India has announced to begin battery sharing service in India starting with electric 3-wheelers.
As a technology company, Valeo is a partner to all automakers worldwide and to new actors in mobility; working together to create mobility that is cleaner, safer and smarter through its innovations. Valeo is focused on four key domains – electrification, advanced driver assistance systems, reinventing interior experience and lighting.
Atul Auto the Company manufactures and sales Auto rickshaws in domestic and overseas market. On consolidated basis, the company reported net loss of Rs 8.81 crore in Q3 FY22 as against net profit of 1.25 crore in Q3 FY21. Net sales declined marginally by 0.2% YoY to Rs 99.84 crore in Q3 FY22.
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