Wardwizard Innovations & Mobility Limited, a leading manufacturer of electric vehicles under the ‘Joy e-bike’ and ‘Joy e-rik’ brands, announced a significant milestone in their sales performance. The company dispatched 1623 units of electric two-wheelers in July 2024, reflecting an impressive growth of over 60% compared to the 1012 units dispatched in July 2023.
In addition to the surge in sales, Wardwizard registered a revenue of Rs. 489.68 million in Q1 (April-June 2024) of FY’25, marking a 29.23% year-over-year growth. This robust performance underscores the rising demand for electric vehicles in India and the company’s successful market strategies.
Mr. Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility Limited, expressed his enthusiasm about the company’s growth trajectory. “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,” he stated.
