VADODARA: Wardwizard Innovations & Mobility Ltd. (WIML), one of the leading manufacturers of electric vehicles under the ‘Joy e-bike’ brand in India, today achieved a major milestone of crossing 100,000 electric two-wheeler sales in India. The company rolled out its 100,000th unit, Mihos from its state-of-the-art manufacturing plant in Vadodara to mark the achievement.

Established in 2016 as WW Solutions (Wardwizard Solutions) and later renamed WIML in 2019, the company embarked on its mobility journey with the launch of its first product category in electric bicycles. As India’s first listed EV company on the BSE, WIML introduced its first Low-Speed Electric Scooter, the Butterfly, in 2018. Presently, the company has a strong portfolio of 10 models, including high-speed and low-speed variants, along with a network of over 750 touchpoints.

In celebration of this monumental milestone, the company has further introduced a series of exclusive offers for its customers, offering special benefits and free insurance*. The remarkable offers will remain valid at all authorized Joy e-bike dealerships across India until March 31, 2024.

Commenting on this achievement, Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Ltd. said, “We are deeply grateful to our customers and stakeholders for their unwavering support, which has propelled Wardwizard Innovations to its position as a leading electric two-wheeler brand in the country. This milestone of one lakh sales underscores the quality of our diverse product range and underscores our steadfast dedication to a sustainable future and meeting customer demands. As we continue to innovate and empower communities through our ‘Joy e-bike’ brand, we are driven by a collective vision of a greener, more sustainable mobility landscape. Our rapid growth trajectory sets our sights on reaching the two-lakh milestone by 2026.”

Wardwizard Innovations & Mobility Limited has also showcased its commitment to innovation at the recently concluded Bharat Mobility Global Expo 2024. At the expo, the company unveiled the concept of its first hydrogen-powered electric two-wheeler and showcased its current product line-up, including high and low-speed models and the electric three-wheeler under the brand name ‘Joy e-rik.’

*The company has introduced up to Rs. 30,000 discounts and free insurance on its following products: Mihos, Wolf+, and Gen Next Nanu+.

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NEW DELHI: Suzuki Motorcycle India Private Limited, the two-wheeler subsidiary of Suzuki Motor Corporation, Japan today entered into an MoU with SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) to provide quick and hassle-free financing on the purchase of Suzuki two-wheelers. SMFG India Credit is registered as an NBFC – Investment and Credit Company (NBFC-ICC) with the Reserve Bank of India, and a member of Sumitomo Mitsui Financial Group (SMFG).

The partnership will allow customers to avail retail financing options round-the-clock on the purchase of their favorite Suzuki two-wheeler. The MoU will also provide additional benefits to the customers, such as vehicle loan sanction within minutes and hassle-free documentation.

Commenting on the partnership, Kenichi Umeda, Managing Director, Suzuki Motorcycle India Pvt. Ltd. said, “Considering our continuous growth in the Indian market, it becomes imperative for us to associate with financiers who can facilitate ease of purchasing Suzuki Two Wheelers. The idea is to offer flexible, yet easy retail finance offers, keeping in mind the needs of our customers. We are confident that our engagement with SMFG India Credit will be another step in enhancing our ability to cater to the needs of our growing customer base in India and thereby support our growth plans.”

As part of this association, customers can get faster approval with nominal documentation, at a competitive interest rate. To add to this convenience, SMFG India Credit offers easy scheme options, digital login, 24*7 operational support, and pre-approved offers.

Ajay Pareek, Chief Business Officer, SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) said: “As the preferred financing partner of Suzuki Motorcycle India, one of the known brands in the Indian two-wheeler market, SMFG India Credit is committed to offering best in class finance solutions to their customers. This collaboration aligns perfectly with our mission of being the company of choice in the financial services space and a partner for progress. Being a diversified NBFC, we are well poised to provide customers with a wide range of tailor-made products beyond two-wheeler loans, helping them achieve their personal or business goals. Keeping this in mind, we are deeply focused on partnering with top OEMs across key sectors. We are thrilled to begin this partnership and look forward to jointly serving millions of customers across India.”

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