VADODARA: Wardwizard Innovations & Mobility Limited, a prominent player in the Indian electric vehicle (EV) segment, has reported a significant growth in sales in December 2023. The company, which manufactures electric vehicles under the brand ‘Joy e-bike,’ had dispatched 3,543 units of electric two-wheelers in December 2023, representing a 38% growth compared to the company’s sales in November 2023, when it sold 2,563 units of electric two-wheelers.
The company has sold a whopping 23,926 electric two-wheelers in CY 2023 (Jan-Dec 2023), led by the strong demand for its products and a vast presence across the country. In the first three quarters of this financial year (April-December 2023), the company also sold more than 17,000 units (17,919) of electric two-wheelers.
Wardwizard Innovations & Mobility Limited is all set to showcase its new product line-up during the upcoming Vibrant Gujarat Business Summit in January 2024. The brand will showcase its concept of two and three-wheelers catering to both personal and commercial mobility spaces. Visitors can experience Wardwizard’s technology at Mahatma Mandir, Gandhinagar, Stall No. P1 and P2A, Hall No. 2.
Apart from the growth in sales, Wardwizard Innovations & Mobility Limited has also made significant strides in expanding its distribution network and establishing partnerships to promote sustainable environmental practices. The company has signed a Memorandum of Understanding (MOU) with the Government of Gujarat to invest Rs. 2,000 crores in developing an Electric Vehicle Ancillary Cluster by 2024. The company has also signed a strategic collaboration with BEEAH Group-Sharjah-UAE, to manufacture electric vehicles and promote sustainable environmental practices in GCC countries and African nations.
Wardwizard Innovations & Mobility Limited has established itself as a leading player in the Indian EV segment, with a strong presence in more than 400+ cities across India. With more than 10 models in its portfolio in both high and low-speed categories, the company is promoting improvement by offering cleaner, greener options that produce no emissions.
Wardwizard Innovations & Mobility Limited’s growth in sales and expansion of its distribution network and partnerships demonstrate its commitment to promoting sustainable environmental practices and contributing to the growth of the Indian EV segment.
