WardWizard clocks 160% yoy growth for July 2022; Sells 2,458 units of electric two-wheelers

2 Aug 2022 , 02:35 PM

WardWizard Innovations and Mobility Ltd, manufacturer of country’s one of leading electric two-wheeler brand ‘Joy e-bike’, sold 2,458 units of electric two-wheelers in July 2022. With this, the company registered a year on year growth of 160% as compared to July 2021, when it had sold 945 units of electric two-wheelers.

Noteworthy, the company has already sold more than 10K units of electric two wheelers in the first four months (April-July 2022) of this financial year, witnessing the growth of 263% as compared to same period (April-July 2021) of last financial year.

Speaking on the sales report, Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd., said, “With the economy growing and with positive momentum in business operations, we are observing high engagement from the customers across all our touchpoints in the form of enquiries and bookings.

In the first four months, we have already crossed the sales mark of 10k and with the festive season coming around, we are expecting the second quarter to grow at a much faster rate.”

At around 2:38 PM, WardWizard Innovations was trading at Rs60.95 per share higher by 0.25% on the BSE.