Tuesday, Jan 18 2022 | Time 01:29 Hrs(IST)
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Business Economy


WardWizard Innovations & Mobility sells 3,290 units of e-bike in Nov

New Delhi, Dec 1 (UNI) WardWizard Innovations and Mobility, a manufacturer of electric two-wheelers has sold 3,290 units of electric two-wheelers in November 2021 with an 119 per cent growth in sales of the ‘Joy e-bike’ over November 2020. The company sold 255 units in the same year ago period, the company announced on Wednesday.
The strong sales momentum driven by the festive cheer and rebound in business activities helped register the highest-ever monthly sales for the company in November 2021. The low-speed models of the company have further observed good traction in both urban and semi-urban centres with 13,516 units being dispatched from April-November 2021. This marks growth of 590% over the sales in the April-November 2020 period where sales stood at 1957 units. As the first listed entity on BSE in electric vehicle manufacturing, the company is focusing on the growth potential in the Indian EV segment to provide clean and greener alternatives to the existing usage of mobility.
“With our network expansion and introduction of company-owned outlets, we have started receiving good responses from the customers in new markets as well,” said Sheetal Bhalerao, Chief Operations Officer, WardWizard Innovations and Mobility. The company plans to tap the inclination of customers for green mobility to drive more robust numbers in the coming months.
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India, UK commit to comprehensive strategic partnership, doubling trade by 2030 at JETCO meet

17 Jan 2022 | 11:32 PM

New Delhi, Jan 17 (UNI) India and the UK have welcomed the launch of UK-India Free Trade Agreement (FTA) negotiations and the first round of negotiations taking place on Monday which marks a new phase in the strategic and trade relationship between the two countries, a joint statement of the 15th Meeting of the India-UK Joint Economic and Trade Committee (JETCO) released by the British High Commission said.

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Textiles Ministry clears 20 projects in specialty fibres, geotextiles

17 Jan 2022 | 11:16 PM

New Delhi, Jan 17 (UNI) The Ministry of Textiles on Monday cleared 20 strategic research projects worth Rs 30 crore in the areas of specialty fibres and geotextiles. These projects fall under the flagship national technical textiles mission programme.

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FADA seeks depreciation scheme back & extension for FY ‘23 as Budget wish

17 Jan 2022 | 11:07 PM

New Delhi, Jan 17 (UNI) The Federation of Automobile Dealers Association (FADA) has sought reintroduction of the depreciation scheme which was valid only till 31 March ’20 to be further extended for FY 2022-23 and introduction of benefits of claiming depreciation on vehicles for individuals paying income tax in its recommendations for the Budget to the Finance Ministry.

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Tech Mahindra acquires Europe-based IT company for 310 million Euros

Tech Mahindra acquires Europe-based IT company for 310 million Euros

17 Jan 2022 | 9:52 PM

New Delhi, Jan 17 (UNI) Tech Mahindra on Monday announced 100 per cent acquisition of stakes in Europe-based IT solutions and service provider Com Tec Co IT (CTC) for 310 million Euros, (around Rs 26 billion), including earnouts and synergy-linked payouts.

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Official software support for OnePlus 6, OnePlus 6T series ends

Official software support for OnePlus 6, OnePlus 6T series ends

17 Jan 2022 | 9:36 PM

New Delhi, Jan 17 (UNI) Oneplus has officially ended the software support for the OnePlus 6 and 6T series that was launched three years back with Android Oreo.

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