Atul Auto eyes entry into 4-wheeler mkt, may invest Rs 200 cr

Irked by delays in the divestment of sick state-run company Scooters India, Rajkot-based three- wheeler maker Atul Auto says if no headway is made in the next month, it will start to look at other options, including an entry into the four-wheeler commercial vehicle segment.

"It is too late... I cannot wait forever. No development is happening from the government side. From next month onward, I have to look for other options, including entering the four-wheeler space. I am looking at investing around Rs 200 crore on this," said Atul Auto Director Vijay Kedia.

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