WardWizard Innovations & Mobility two exclusive dealerships in Guwahati

Continuing their aggressive network expansion and taking electric mobility closer to customers, WardWizard Innovations and Mobility Ltd (BSE Code: 538970) leading manufacturers of electric two-wheelers brand 'Joy e-bike', inaugurated two exclusive dealerships in Assam. The dealerships are equipped with complete sales and service facilities to facilitate the brands reach in the state.

The first dealership was inaugurated under the banner of Mahavir Enterprises Pvt Ltd, located at Amingoan, Guwahati. The second dealership has started under the banner of Mahavir Mobility, located at Lokhra Lal Ganesh Road, Guwahati, Assam.

Both the dealerships showcase the entire range of Joy e-bike's electric scooters and motorcycles. They provide an immersive experience to the customers in making their purchases more pleasant. The network expansion by the brand aids its strong sales performance despite a sluggish market due to the pandemic.

Commenting on the network expansion in the region, Ms. Sneha Shouche, Chief Financial Officer - WardWizard Innovations and Mobility Ltd said, "Penetrating new markets and connecting with customers has been the company's ongoing endeavour. These two new dealerships in Assam are in line with our focus to strengthen our foothold in growing markets. As per our market study, Assam would become one of the leading states adopting sustainable mobility. The exclusive dealerships will help Joy e-bike in reaching out to more and more potential customers in the state as well as in entire north-eastern India."

With 11 varying models of high and low-speed scooters and motorcycles, Joy e-bike has a strong portfolio in the Indian market. The company is planning to add two new scooters before the festive season kicks in. Aligned with the government policies, both of these scooters are Make in India products.

Shares of WARDWIZARD INNOVATIONS AND MOBILITY LIMITED was last trading in BSE at Rs. 63.1 as compared to the previous close of Rs. 62.1. The total number of shares traded during the day was 63485 in over 883 trades.

The stock hit an intraday high of Rs. 64.9 and intraday low of 59.25. The net turnover during the day was Rs. 3882796.

Source : Equity Bulls

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