Gujarat-based EV maker WardWizard Innovations and Mobility, the corporate that makes Joy e-bikes, has registered a 548 per cent year-on-year soar in gross sales with 3,860 EVs units offered in December 2021. The firm additionally achieved quarterly gross sales of 10,000 units for the primary time in the October-December quarter.
The year-on-year progress of 548 per cent comes in opposition to 595 units offered in December of 2020.
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The firm has attributed the gross sales progress to the rising desire and speedy shift in the direction of electrical two-wheelers. The firm has already offered 17,376 units of electrical scooters and bikes throughout the April-December interval of the present monetary 12 months, registering a 570 per cent progress as in comparison with the identical interval of FY21.
The firm plans to proceed strengthening its presence throughout the nation and make investments to facilitate the expansion of the electrical automobiles. “Electric two-wheelers have gotten half of a big quantity of households in each the city and semi-urban cities,” mentioned the corporate’s Chief Operations Officer Sheetal Bhalerao.
In the view of the excessive demand for high-speed electrical scooter fashions in the nation, WardWizard Mobility is launching its first ‘made-in-India’ high-speed scooter fashions in the upcoming Vibrant Gujarat Global Summit.
Last month, the corporate introduced that it’s going to make investments as much as ₹500 crore in Gujarat for the event of the electrical car phase. It signed a memorandum of understanding (MoU) with the state authorities to speculate in the analysis and improvement of electrical two- and three-wheelers, arrange motor meeting at its Vadodara facility, and develop ancillaries to fabricate uncooked supplies. This initiative may even generate over 6,000 jobs in the state.
The EV funding by the corporate may even assist increase the ‘Make-in-India’ imaginative and prescient of the federal government whereas selling native distributors in addition to propelling the shift in the direction of electrical mobility.
(with inputs from PTI)