Wardwizard Innovations & Mobility Limited sells 1,195 units of electric two-wheelers in September 2024
Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands 'Joy e-bike’ and ‘Joy e-rik’, sold 1,195 units of electric two-wheelers in September 2024.
Noteworthy, in the first two quarters of FY 2024-25, the company has already sold 7,201 units of electric two-wheelers, including both high-speed and low-speed models.
In September 2024, Wardwizard Innovations received a Letter of Intent (LOI) from His Royal Highness Prince Abdulaziz Bin Turki Bin Talal Bin Abdulaziz Al Saud to form a Joint Venture in the Kingdom of Saudi Arabia (KSA). This pivotal collaboration will involve setting up two manufacturing plants to assemble electric motorbikes, three-wheelers, four-wheelers, buses, and EV cells. This strategic move underscores Wardwizard's commitment to providing sustainable mobility solutions and marks a significant milestone in its global expansion plans.
About Wardwizard Innovations & Mobility Limited
Wardwizard Innovations & Mobility Limited is one of India’s leading auto manufacturing companies in the Electric Vehicle (EV) segment under the brand name Joy e-bike and Joy e-rik. Being the first listed entity on BSE in Electric Vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment to have a positive impact in the future. Given the current state of the environment, where fuel-powered vehicles account for the vast bulk of carbon emissions, the company is promoting improvement by offering cleaner, greener options that produce no emissions. With more than 10 models in its portfolio in both high and low-speed categories, the Company has established a strong presence in more than 400+ cities across India and aspires to boost this number throughout the country.
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