Continuing its strong-run with three-wheelers, Rajkot based Atul Auto Ltd has posted a 32 per cent growth in sales during October this year to 3332 units over 2520 units in October 2011.
The firm's sales during the April to October period stood at 17,751 units, up 19 per cent over 14,897 units in the same period last fiscal.
The Rajkot based three-wheeler major has also drawn up plans to set up an assembly unit in Sri Lanka with an investment of around Rs 100 crore.
The company has already informed the Bombay Stock Exchange (BSE) earlier this week that it plans to incorporate a company in the neighbouring country for the purpose. The automobiles player will make three-wheelers, powered by diesel engines, for intra-city passengers and cargo applications in Sri Lanka.
"The company will also, at an appropriate time, introduce three wheelers powered by spark ignition engines running on gasoline, CNG and LPG", it had said in a release to the stock exchange.
Atul has made an application to the Board of Investment of Sri Lanka seeking approval for the investment to be made in the neighbouring country.
