We are in the midst of unprecedented times due to the continued spread of COVID-19pandemic all over the world. I would like to o er my sincere condolences to all who havesuffered untimely bereavements and also salute the valor of all front-line workers anddoctors who have continued to help us get through the tough times. I hope each of youalong with your family members are getting vaccinated and continue to adhere to thevarious guidelines and are taking all necessary precautions.
Year FY 2021 has been the toughest for the automobile industry while the IndianAutomobile industry closed with an overall decline of 13.6 percent . In March 2021 wewere quite optimistic about the outlook for FY202021. The suddenness and ferocity of thesecond wave of the pandemic was a surprise to all and led to lockdowns and restrictionsin most parts of the country.
The COVID-19 pandemic took a heavy toll last year. The lack of any precedent or anadequate understanding of all the aspects of the virus called upon our experts and policymakers to be extremely exible and innovative in dealing with problems as they arose. Ibelieve that despite our limitations of health infrastructure we did very well to containthe adverse fall out. Our grateful thanks to all concerned.
Production and sales again dropped and the recovery that had started in the previousquarter suffered a setback. The performance in the next three quarters largely depends onhow effectively all our citizens follow the government's advice to get vaccinated andobserve safety protocols.
With 64.43 crore Indians Vaccinated (At least 1 dose) we can look ahead at a safer andbetter future.
At Atul we always look ahead while learning and growing from the past experiences.Atul is engineering the engine that will chart the future of the 3- wheeler industrytowards a brighter and better future. Other than upgrading our manufacturing facilities tocomply with BS VI norms we have started on a journey to be a zero- emission society.
We now focus on creating the largest eet of CNG variants which will help map the pathtowards less emission society.
The Electric Revolution
Crossing all the obstacles we came a long way to building possibilities for the futurewith new technologies. We are determined to nd solutions with our strong Research andDevelopment of modern features for greater comfort and better performance.
After the launch of Elite - Electrical range of vehicles we are looking at L5 engineswhich will further help mark greater pro ts for our customers.
The future at ATUL is blazing towards a new tomorrow of innovation.
Recuperate and bounce back
Even as we face the economic shock of COVID -19 pandemic we at Atul are focused andlooking at a brighter and bigger future. We are guided by our strong values and passion ofinnovation which pushes us to move forward each day.
We look forward to expanding the range of mid-sized passenger 3 wheelers segment toprovide the much-needed last mile connectivity.
I believe in Atul's spirit to always come back stronger.
|J J Chandra |
|Chairman & Managing Director |