Wardwizard Innovation spurts after robust electric 2-wheeler sales in December

3 Jan 2022 , 11:14 AM

WardWizard Innovations & Mobility manufactures electric two-wheelers brand, Joy e-bike.

The companys sales in the third quarter (Oct-Dec) crossed 10,000 units for the first time.

The firm sold 17,376 electric scooters and motorcycles in the first three quarters of this financial year (April-December 2021), logging a growth of 570% compared with the same period last financial year (April-December 2020).

Sheetal Bhalerao, chief operations officer, WardWizard Innovations and Mobility, said: ?As there is a high demand for high-speed scooter models, the company is launching its first-ever Made-in-India high-speed scooter models in the upcoming Vibrant Gujarat Global Summit. To further meet the growing market demand, the company will be continuing to strengthen its presence across the country and also making investments to facilitate the growth of the electric vehicle industry.

Net profit of Wardwizard Innovations & Mobility rose 478.57% to Rs 1.62 crore on 386.92% rise in net sales to Rs 33.50 crore in Q2 September 2021 over Q2 September 2020.

WardWizard Innovations & Mobility is a leading auto manufacturing company in the Electric Vehicle (EV) segment under the brand name Joy E-Bike.

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