WardWizard records sales of 3,860 units in December 2021

Continuing to witness strong demand for its popular range of models, WardWizard Innovations and Mobility Ltd (BSE Code: 538970) - one of the country's leading manufacturers of electric two-wheelers brand 'Joy e-bike' sold 3860 units in December 2021.

Observing a rapid shift towards electric two-wheelers, the company registered a growth of 548% compared to December 2020, where sales stood at 595 units.

Noteworthy, the company has already sold more than 17,000 units (17,376) of electric scooters and motorcycles in the first three quarters of this financial year (April- December 2021), logging the growth of 570% as compared to the same period of last financial year (AprilDecember 2020). Quarter 3 unit sales crossed 10,000 units for the first time for Wardwizard Innovations & Mobility Ltd.

Commenting on the another record breaking performance and sharing company's future goals, Mrs Sheetal Bhalerao, Chief Operations Officer, WardWizard Innovations and Mobility Ltd, said, "Electric two-wheelers are becoming part of a large number of households in both the urban and semi-urban cities. For many new riders, it is becoming the first preference encouraging green mobility in the country. As there is a high demand for high-speed scooter models, the company is launching its first-ever 'Made-in-India' high-speed scooter models in the upcoming Vibrant Gujarat Global Summit. To further meet the growing market demand, the company will be continuing to strengthen its presence across the country and also making investments to facilitate the growth of the electric vehicle industry."

Shares of Wardwizard Innovations & Mobility Ltd was last trading in BSE at Rs. 83.60 as compared to the previous close of Rs. 84.10. The total number of shares traded during the day was 1003475 in over 3985 trades.

The stock hit an intraday high of Rs. 84.70 and intraday low of 82.80. The net turnover during the day was Rs. 84179298.00.

Source : Equity Bulls

Keywords

WardwizardInnovationsandMobility INE945P01024 SalesVolume ElectricTwoWheelers JoyeBike December2021