Gujarat-based electrical two-wheeler maker WardWizard Innovations on Thursday mentioned it has recorded over a three-fold leap year-on-year in sales to 2,055 items in May, pushed by the expansion in the low-speed category.
The firm, which sells its two-wheelers below the ‘Joy e-bike’ model, had offered 479 automobiles in the market in May final 12 months, it mentioned in an announcement.
WardWizard Innovations additionally introduced that it’s going to begin deliveries of its high-speed scooters this month.
The firm, early this 12 months, made its entry into the high-speed scooter section by launching three scooter fashions — Wolf+, Gen Next Nanu+ and Del Go.
Del Go caters to the fleet administration section.
“WardWizard Innovations and Mobility Ltd sold 2,055 units of e-two-wheelers in May 2022, clocking a growth of 329 per cent as compared to 479 units sold in May 2021,” the corporate mentioned in the assertion.
“As the demand for electric mobility witnesses substantial growth across the country, we are also expanding our operations. With our entry into the high-speed scooter segment, we are focusing on this category too,” mentioned Yatin Gupte, Chairman and Managing Director, Wardwizard Innovations and Mobility Ltd.
Last month, the EV maker signed an preliminary pact with Singapore-based renewable power administration consulting agency Sunkonnect to set up a Li-ion advance cells manufacturing unit at its electrical car ancillary cluster in Vadodara.
The collaboration is geared toward facilitating a feasibility examine and identification of potential companions, it mentioned.
“We have streamlined and strategised our production, beginning with the deliveries of our new high-speed scooter models in a phased manner from June,” Gupte mentioned.
The manufacturing of those fashions has already begun on the firm’s Vadodara manufacturing facility, he added.
(Only the headline and film of this report might have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)
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