WardWizard Innovations and Mobility reported around 12-fold jump with the sale of 3290 units of two-wheeler (electric scooters and motorcycle) in November due to festive season.
Wardwizard’s is a Vadodara-based company and its flagship brand Joy e-bike peddled its way into the EV segment by first introducing electric bicycles in the year 2016. And within no time, they received great demand from the youth.
Compared to November 2020 where it only sold 255 units, the sale of the company rose to 1190%. WardWizard sold 1957 units in the first 8 months of 2020-2021.
During April-November, the company sold 13516 units with 590% growth from the last year’s April-November period.
Sheetal Bhalerao, Chief Operations Officer, WardWizard Innovations and Mobility Ltd, said, “During this festival season, we have received phenomenal response across all our dealerships with massive bookings and inquiries in comparison to last year.”
“With our network expansion and introduction of company-owned outlets, we have started receiving good responses from the customers in new markets as well. With more awareness and inclination of the customers for green mobility, we are confident of achieving robust sales numbers in the coming months,” she added.
With so many manufacturers jumping in with big production schedules , it looks like Multi Brand outlets should emerge in the e – 2W sales channel. Leaving the bigwigs all the others many not be distinctly different except for few aspects and hence off the shelf drive out from a point may find acceptance. It would reduce infra capital expense and help sell more.
A new option to be tried Worthwhile .