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
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