Vadodara, India – September 13, 2024 – Wardwizard Innovations & Mobility Limited (Wardwizard), a leading manufacturer of electric two-wheelers under the 'Joy e-bike' and ‘Joy e-rik' brands, announced sales of 1013 units in August 2024. This positive result follows a strong start to the fiscal year, with the company selling over 6,006 units between April and August 2024. The company anticipates further growth during the upcoming festival season, driven by increased consumer demand.
Strong Sales Momentum and Positive Festival Season Outlook
Wardwizard's August sales figures reflect a growing demand for electric two-wheelers in India. The company attributes this trend to increasing consumer awareness of the environmental benefits of EVs and the rising cost of traditional fuels.
"With the beginning of the festival season, we are already witnessing high footfall and inquiries for our diverse range of product portfolio," stated Mr. Yatin Gupte, Chairman and Managing Director of Wardwizard. "As market sentiments look positive, we are expecting strong growth in the coming months, especially with Navratri, Diwali, and Bhaidooj."
To meet the anticipated surge in demand during the festival season, Wardwizard is ensuring that its dealer network across the country is well-stocked with all models.
Wardwizard's Commitment to a Greener Future
Wardwizard is a pioneer in the Indian electric vehicle market, being the first listed entity on the Bombay Stock Exchange (BSE) focused on EV manufacturing. The company offers a wide range of high and low-speed electric two-wheelers under the 'Joy e-bike' and 'Joy e-rik' brands.
With a strong presence in over 400 cities across India, Wardwizard is committed to expanding its reach and promoting the adoption of cleaner and greener transportation solutions. The company believes that electric vehicles have the potential to significantly reduce carbon emissions and contribute to a more sustainable future.
Looking Ahead
Wardwizard's strong sales performance in August and its positive outlook for the festival season suggest a bright future for the company. As the Indian electric vehicle market continues to grow, Wardwizard is well-positioned to capitalize on this trend and further solidify its position as a leading player in the industry.