Wardwizard Innovations & Mobility Limited Sells 1,195 units of electric Two-Wheelers in September 2024

Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands 'Joy e-bike' and 'Joy e-rik', sold 1,195 units of electric two-wheelers in September 2024.

Noteworthy, in the first two quarters of FY 2024-25, the company has already sold 7,201 units of electric two-wheelers, including both high-speed and low-speed models.

In September 2024, Wardwizard Innovations received a Letter of Intent (LOI) from His Royal Highness Prince Abdulaziz Bin Turki Bin Talal Bin Abdulaziz Al Saud to form a Joint Venture in the Kingdom of Saudi Arabia (KSA). This pivotal collaboration will involve setting up two manufacturing plants to assemble electric motorbikes, three-wheelers, four-wheelers, buses, and EV cells. This strategic move underscores Wardwizard's commitment to providing sustainable mobility solutions and marks a significant milestone in its global expansion plans.

Shares of Wardwizard Innovations & Mobility Ltd was last trading in BSE at Rs. 49.57 as compared to the previous close of Rs. 48.56. The total number of shares traded during the day was 948073 in over 4870 trades.

The stock hit an intraday high of Rs. 49.99 and intraday low of 48.26. The net turnover during the day was Rs. 46528797.00.

Source : Equity Bulls

Keywords

WardwizardInnovationsandMobility INE945P01024 ElectricVehicles Joyebike Joyerik 2Wheelers September2024