Mumbai, Maharashtra
WardWizard Innovations and Mobility Ltd, one of the leading manufacturers of electric two-wheelers brand ‘Joy e-bike’, closed the month of June 2021 with high growth in sales. Despite the unprecedented challenges due to the second wave of COVID-19, there was a growing demand for electric two-wheelers due to the need for personal mobility. WardWizard Innovations & Mobility sold 938 units, registering a growth of more than 310%. The company had sold 223 units in June 2020. The company observed a strong rebound of sales with a growth of 91% as compared to May 2021 where the sales stood at 479 units.
Witnessing another boost and a rise in demand for electric two-wheelers across the country for both low and high-speed models, the company has further clocked the sales of 1,889 units in the Q1 (April-June) of FY’22.
WardWizard Innovations & Mobility Ltd is a leading auto manufacturing company in the Electric Vehicle (EV) segment under the brand name Joy E-Bike. It also caters to the home appliance market via its brand Vyom Innovation. Being the first listed entity on BSE in Electric Vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment to provide clean and greener alternatives. Through Joy E-Bikes, the Company has been providing a greener alternative to traditional fuel-driven bikes. It has footprints in more than 25 major cities across India and aspires to boost this number throughout the country.
Source: Ward Wizard Press Release
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