WardWizard continues with strong sales momentum of electric two-wheelers in October 2021

Riding on the high demand for its electric scooters and motorcycles, WardWizard Innovations and Mobility Ltd (BSE Code: 538970) - one of the country's leading manufacturers of electric two-wheelers brand 'Joy e-bike' continued in achieving robust sales numbers in October 2021 as well.

As this festival season bring in the much-awaited festive cheer resulting in high demand in the market, the company has sold 2,855 units of electric scooters and motorcycles, registering a growth of 502% compared to October 2020, where sales stood at 474 units.

The company has further observed the double digit growth of more than 14% as compared to last month (September 2021) where sales stood at 2500 units in the month.

Commenting on the sturdy sales performance, Mr Yatin Gupte, Chairman & Managing Director, WardWizard Innovations and Mobility Ltd, said, "With our new state of the art automatic assembly line at Vadodara manufacturing plant and recently inaugurated companyowned 'Joy E-Bike' experience-centers across various locations in the country, we are now equipped to cater the burgeoning market demand and target more potential customers. As this festival season has brought festive cheers across the country, we are receiving overwhelming orders at all our touchpoints. We are further confident of high retail sales in the first week of November especially on the occasions like Dhanteras and Diwali to achieve another benchmark in our sales momentum".

Shares of Wardwizard Innovations & Mobility Ltd was last trading in BSE at Rs. 75.35 as compared to the previous close of Rs. 74.15. The total number of shares traded during the day was 104746 in over 1119 trades.

The stock hit an intraday high of Rs. 76.60 and intraday low of 74.90. The net turnover during the day was Rs. 7927332.00.

Source : Equity Bulls

Keywords

WardwizardInnovationsandMobilityLtd INE945P01024 2Wheelers SalesVolume October2021 Joyebike