WardWizard sells 3,951 units in January 2022 to mark over 2900% yoy growth

3 Feb 2022 , 09:22 AM

Entering the new year with yet another high sales performance, WardWizard Innovations and Mobility Ltd— one of the country’s leading manufacturers of electric two-wheelers brand ‘Joy e-bike’ sold 3,951 units in January 2022.

Sustaining its robust sales performance backed by the new market expansion, Wardwizard reported a year on year growth of 2,963% as compared to January 2021, when the company had sold 129 units of electric two-wheelers.

At around 9:22 AM, Wardwizard Innovations was trading at Rs93.10 apiece up by 1.20% on the BSE.

In the current financial year (April 2021-January 2022), the company has already sold more than 21,000 units of electric two-wheelers (21,327 units) and has set a target to conclude the financial year with 30000 units.

Commenting on the positive sales performance for January 2022, Sheetal Bhalerao, Chief Operations Officer, WardWizard Innovations and Mobility Ltd, said, “We are overwhelmed at the success of our current market expansion strategies and elated to have won the trust of our consumers by living up to their expectations through the sheer impact of our product quality and services. As the market for sustainable mobility is growing, we are receiving a continuous uptick in our monthly sales across all our touch points.

The company is further enhancing its product portfolio with the launch of new high-speed scooter models in February 2022 to meet the aspiration of next-gen riders. As this year’s budget gives a big push to boost the entire EV ecosystem, we are optimistic that it will boost the buyer’s confidence and help him make the switch to electric vehicles”

Commenting on the General Budget 2022, Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd, said, “I consider the budget to be a visionary and futuristic budget as it is focused on sustainability and transition towards cleaner and greener mobility, which is the future of transportation.

The proposed Battery Swapping Policy will provide a mammoth push to the EV adaptability campaign across the nation. We are eagerly looking forward to the Government’s ambitious vision towards upgrading the EV infrastructure ecosystem and also, easing the supply chain through a multi-modal logistics park that will augment the movement of goods and services across the region. PM Gati Shakti will act as a catalyst for the industry.

With the infra boost and changes in corporate taxes, the industry is optimistic that this budget will auger well for the economic recovery and overall growth for the country.”