Wardwizard Innovation Posted YoY Growth of 135% in Dispatch During April 2024

Wardwizard Innovations & Mobility Limited, the company behind the popular “Joy e-bike” and “Joy e-rik” electric two-wheeler brands, is revving up its production lines. In April 2024, they reported a significant surge in electric two-wheeler dispatches, clocking in at 1,071 units. This impressive number marks a whopping 135% increase compared to April 2023, when the company dispatched 455 units. The positive momentum extends to retail sales as well, with Vahan data indicating a strong showing of 1,212 units sold in April 2024. These figures highlight Wardwizard’s growing footprint in the electric vehicle market.

“This positive start to the new fiscal year sets the tone for what promises to be an eventful and successful year ahead. We extend our heartfelt thanks to our customers for their unwavering trust, propelling us to the forefront of the e-mobility transition. Positioned within the dynamic transportation sector, our core focus remains on delivering pioneering technology and empowering products of exceptional quality. We are committed to sustaining this upward trajectory and continuing to innovate for a sustainable and electrifying future,” said Mr Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility Limited

During FY2024, the company has solidified its position in the market while driving innovations and celebrating new accomplishments. During the year, the company achieved the sales milestone of 1 lakh electric two-wheelers (since inception), which shows the customers’ trust in the brand. The company’s launch of the hydrogen-powered e-scooter prototype was followed by its strategic partnership with global players for technology advancements.

Looking Ahead

In FY25, the company will focus on growing its portfolio, expanding its presence, and strengthening its R&D capabilities. Furthermore, it anticipates launching more electric vehicle models and is poised for even greater innovation and growth. The company believes that its efforts will continue to pave the way for next-generation technologies, ensuring its position at the forefront of the industry.

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