WardWizard Innovations and Mobility Ltd, which is an electric two-wheeler maker, announced that it will double its annual production capacity to 2 lakh units with the setting up of an assembly line at Vadodara plant. The company sells electric two wheelers under the ‘Joy e-bike’ brand. It mentioned that its new automatic assembly line will become operational from October 2021.
In a statement, the company said that the annual production capacity will be increased “from one lakh units to two lakh units in a single shift”. Though no disclosure was made on the investments on the same.
As per the statement, the production capacity can be further ramped up to 6 lakh units annually with three shifts depending on the market demand. Last month, the company said it achieved its highest ever monthly sales of 2,000 units and registered an order of more than 5,000 units. The company is also planning to expand its reach with more than 750 dealerships by the end of this financial year. Currently it has 400 dealerships across the country in tier-I, II and III cities.
Sheetal Bhalerao, company’s Chief Operation Officer said – “We are committed to increasing the availability of ‘Joy e-bike’ electric scooters and motorcycles across the markets. Increased awareness and push from the government has created the demand for electric mobility in India. Most of the states in the northern region are adopting sustainable mobility. That’s why our prime focus is to strengthen our foothold in growing markets. We are also planning to introduce our new products by the end of this fiscal. An automatic assembly line will help to boost our production capacity. We are expecting the highest ever growth in the coming festive season.”