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Business EconomyPosted at: Aug 8 2024 4:16PM


Wardwizard Innovations reports 60 pc rise in electric 2-wheeler dispatches in July

Vadodara, Aug 8 (UNI) Wardwizard Innovations and Mobility Limited, a leading manufacturer of electric vehicles under the 'Joy e-bike’ and ‘Joy e-rik’ brands, dispatched 1,623 units of electric two-wheelers in July 2024.
This figure represents a notable growth of over 60% compared to July 2023, when the company dispatched 1,012 units.
In addition, the company reported a revenue of Rs 489.68 million for Q1 (April-June 2024) of FY’25, reflecting a year-on-year growth of 29.23%.
Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations and Mobility Limited, stated, “The increasing demand for electric vehicles in India has been a major driving force behind our growth. We are committed to sustaining this momentum by expanding our reach both nationwide and in international markets. With the upcoming festive season and the various initiatives taken by the government in the Union Budget to strengthen the economy, we are optimistic about the continued growth of the EV industry. Our goal is to consistently innovate and provide reliable and efficient electric vehicles to our customers, contributing to a sustainable and greener future.”
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