Wardwizard Innovations & Mobility dispatches 2,529 units of Electric Two Wheelers in June 2023

Wardwizard Innovations & Mobility Ltd., India's leading manufacturer of electric vehicles under the brand name "Joy e-bike', has clocked a growth of 19% in June'23 over the last year. The company sold 2,529 units of low-speed and high-speed electric twowheelers in June'23 as compared to last year where company sold 2,125 units in June'22.

The company further observed a month on month growth of 475% as compared to May'23, when the company had sold 532 units of electric two wheelers.

Speaking on the sales performance and deliveries, Mr. Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd., said, "We are observing that electric twowheelers are experiencing a surge in traction from this month, reflected in the rising footfall and inquiries flooding our dealerships. As the festive season draws near, we expect this trend to gain even more momentum, resulting in remarkable sales figures. To capitalize on this growing demand, we are strategically establishing new distributor dealerships across multiple tier 2 and tier 3 cities in India during quarter 2. With resolute confidence, we envision sustained momentum that will firmly establish our leadership in the electric mobility sector."

Shares of Wardwizard Innovations & Mobility Ltd was last trading in BSE at Rs. 43.84 as compared to the previous close of Rs. 44.12. The total number of shares traded during the day was 404332 in over 2797 trades.

The stock hit an intraday high of Rs. 44.38 and intraday low of 43.59. The net turnover during the day was Rs. 17737698.00.

Source : Equity Bulls

Keywords

WardwizardInnovationsandMobility INE945P01024 2Wheelers ElectricVehicles SalesVolume June2023