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Honda And Valeo Join Together With Atul Greentech To Develop Electric Vehicles

TNI || New Delhi || 26th April 2022

Atul Greentech Private Limited (AGPL), a Gujarat-based electric vehicle manufacturer, has announced a partnership with Honda Power Pack Energy India Private Limited and Valeo to produce electric vehicles in India with battery switching abilities.

Atul Greentech is a division of Atul Auto Limited, which has previously focused on three-wheeled vehicles.

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According to Atul Greentech, a trial version of both cargo and passenger electric three-wheelers will be developed.

A Honda Mobile Power Pack e: Swap, a swappable battery pack, and a Valeo powertrain system will be used by the company.

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Atul Auto Limited is a publicly traded company in India. The company informed the National Stock Exchange about the prospective partnership.

Atul Auto said in its filing that the vehicle with the switching battery will be fitted with Valeo’s combined compact electric powertrain technology.

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The shares of Atul Auto jumped by 16 percent in intraday trading, just after the news last week.

As per Atul Greentech, the alliance aims to broaden product offerings and better serve the demands of last-mile mobility customers.

Atul Greentech further stated that the electric vehicle will be launched once the extensive tests are successfully completed.

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Atul Greentech has been involved in the design and development of revolutionary last-mile electric mobility solutions.

It is intended for both the domestic and international markets. Over the past few years, AGPL has created Vehicle Telematics Solutions, automotive-grade fixed thermal battery solutions, as well as Battery Management Systems.

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Valeo is a technology business established in France that specialises in developing smart mobility solutions all over the world.

For Atul Greentech’s future cargo and passenger three-wheelers, Valeo will deliver its 48V integrated small electric powertrain system as well as the Powertrain Control Unit. In India, the e-three-wheeler will be available soon.

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Honda Power Pack Energy India Pvt. Ltd., on the other hand, is a fully owned subsidiary of Honda Motor Co. Ltd. in Japan.

Honda has announced the launch of a battery share service in India. Electric three-wheelers will be the first to benefit because of it.