WardWizard Sells More than 43k units of electric twowheelers in CY 2022

Keeping up with its growth momentum, WardWizard, a leading manufacturer of electric two-wheeler brand 'Joy e-bike, zooms into the new year with a 131.6% hike in sales in CY 2022 (Jan -Dec 2022). Adding to the details, the company sold a whopping 43, 914 units of electric two-wheelers as compared to the last calendar year. Last year between Jan and Dec 2021, the brand sold 18,963 electric two-wheelers.

Led by the strong demand for its products and with a vast presence across the country, the company dispatched 5,400 units of electric two-wheelers in December 2022, clocking a double-digit growth of 39.89% as compared to December 2021 when the company dispatched 3860 units of electric two-wheelers.

Commenting on the growth and sharing the outlook for the year 2023, Mr Yatin Gupte, Chairman & Managing Director, WardWizard Innovations & Mobility Ltd., said "The calendar year 2022 has been an important year in which the company achieved new sales milestones, entered into new segments and expanded its presence across global markets. Our strong product portfolio and cutting-edge technologies successfully met the aspirations of the buyers, resulting in triple-digit growth in CY 2022 as compared to last year. As the adoption of electric mobility is increasing, we are expecting new opportunities in the industry; overcome previous challenges, and observe strong growth momentum. Bringing more excitement to our customers and expanding our product portfolio, the company is all set to introduce new models in the year 2023 along with developing India's first EV cluster for holistic growth of the industry."

It is noteworthy that the company has also sold more than 30,000 units (30,493) of electric twowheelers in the first three quarters of this financial year (April- December 2022), logging a growth of 75.8% as compared to the same period of last financial year (April- December 2021), where the sales stood at 17,340 units of electric two-wheelers.

Shares of Wardwizard Innovations & Mobility Ltd was last trading in BSE at Rs. 64.85 as compared to the previous close of Rs. 65.05. The total number of shares traded during the day was 141202 in over 1456 trades.

The stock hit an intraday high of Rs. 65.45 and intraday low of 64.15. The net turnover during the day was Rs. 9158368.00.

Source : Equity Bulls

Keywords

WardwizardInnovationsandMobility INE945P01024 EV Electric2Wheeler Joyebike CY2022