Stock Report

WardWizard sells more than 3,290 units of electric two-wheelers in November 2021

Posted On : 2021-12-01 17:30:30( TIMEZONE : IST )

Continuing with yet another strong sales momentum, WardWizard Innovations and Mobility Ltd (BSE Code: 538970) - one of the country's leading manufacturers of electric two-wheelers brand 'Joy e-bike' records its highest-ever monthly sales in November 2021.

Driven by the festive cheer and rebound in the business activities, the company sold 3,290 units of electric scooters and motorcycles, marking the growth of 1190% compared to November 2020, where sales stood at 255 units.

The company has further observed good traction especially for its low-speed models in both urban and semi-urban cities. Already, 13,516 units are sold from April 2021-November 2021, clocking the growth of 590% compared to the same months of last year (April 2020- November 2020), where the sale stood at 1957 units.

Commenting on the landmark sales, Mrs. Sheetal Bhalerao, Chief Operation Officer, Wardwizard Innovations and Mobility Ltd said, "In this festival season, we have received phenomenal response across all our dealerships with more number of bookings and inquiries received as compared to last year. With our network expansion and introduction of companyowned outlets, we have started receiving good responses from the customers in new markets as well. As the need and demand for electric vehicles are increasing, we have received the order book of more than 5000 units in this month. With more awareness and inclination of the customers for green mobility, we are confident of achieving robust sales numbers in the coming months."

Shares of Wardwizard Innovations & Mobility Ltd was last trading in BSE at Rs. 73.80 as compared to the previous close of Rs. 72.10. The total number of shares traded during the day was 268945 in over 2021 trades.

The stock hit an intraday high of Rs. 75.40 and intraday low of 70.10. The net turnover during the day was Rs. 19710414.00.