Compared to gross sales of April 2022, gross sales of WardWizard’s electrical two-wheelers fell by virtually 50 per cent.
WardWizard Innovations and Mobility Ltd, producers of the Joy e-Bike model of electrical two-wheelers has reported the corporate’s gross sales numbers for May 2022. The firm introduced that it offered 2,055 items of electrical two-wheelers within the month of May, clocking a development of 329 per cent as in comparison with May 2021, when the corporate had offered simply 479 items. However, May 2021 was a interval of the second wave of the COVID-19 ravaging the nation, and in comparison with April 2022 gross sales numbers, WardWizard’s electrical two-wheeler gross sales fell by virtually 50 per cent, from 4,087 items to 2,055 items in May 2022.
Speaking on the gross sales efficiency and enlargement plans, Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd., stated, “As the demand for electric mobility witnesses substantial growth across the country, we at WardWizard are also expanding our operations. With our entry into the high-speed scooter segment, we are focusing on this category too. We have streamlined and strategized our production and beginning with the deliveries of our new high-speed scooter models in a phased manner from June 2022. The production of these models has already begun at our Vadodara factory. With the uptick in demand for our models across all our touch points, the intent is to reduce the waiting period. With positive market sentiment and trust for our electric two-wheelers, we continue to add new customers to our family.”
In May 2022, WardWizard signed a memorandum of understanding (MoU) with Singapore-based renewable power administration consulting agency Sunkonnect, to arrange a lithium ion advance cell manufacturing unit at its electrical car ancillary cluster in Vadodara. This partnership is aimed toward facilitating a feasibility research and identification of potential companions. WardWizard is the primary listed entry on the Bombay Stock Exchange in electrical car manufacturing.