The firm has reported gross sales of greater than 10,000 items within the third quarter of the present monetary 12 months, and web revenue of Rs. 2.86 crore in the identical interval.


WardWizard Innovations & Mobility reports sales growth of 656 per cent in Q3 FY 2022
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WardWizard Innovations & Mobility experiences gross sales development of 656 per cent in Q3 FY 2022

WardWizard Innovations and Mobility Ltd., producers of electrical two-wheelers underneath the Joy E-Bike model title, has reported monetary outcomes for the third quarter of the present monetary 12 months. The firm has introduced highest ever numbers within the quarter, with income of greater than ₹ 58.3 crore in Q3 FY 2021-22, in comparison with ₹ 11.5 crore in Q3 FY 2021, recording a development of greater than 392 per cent. The firm stated in a press release that there is been elevated demand for low pace electrical two-wheelers, and the corporate has achieved gross sales of 10,005 items within the quarter, registering a development of greater than 656 per cent in comparison with Q3 of FY 2020-21 when gross sales comprised of 1,324 items.

Also Read: WardWizard Innovations & Mobility To Invest ₹ 500 Crore In Gujarat

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WardWizard Innovations & Mobility has a spread of low-speed electrical scooters

Commenting on the efficiency of Q3 FY’22, Sneha Shouche, Chief Financial Officer, Wardwizard Innovations & Mobility Ltd stated, “Encouraged by the green mobility revolution in the country, EVs are becoming the preferred mobility solution for many new riders. As people are showing an inclination towards electric two-wheelers to meet their mobility needs, we are observing an uptick in demand across all our touchpoints. The supply chain is under immense pressure with the growing demand for electric vehicles, especially two-wheelers. To meet this demand, we are further investing in instituting first of its kind EV Ancillary in India which will be based in Vadodara, Gujarat. The investment would help in accelerating growth in the segment and boost the ‘Make-in-India’ vision while promoting local vendors during this electric mobility revolution.”

Also Read: WardWizard Reports Sales Of 3,860 Two-Wheelers In December 2021

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In the quarter, the corporate undertook vital initiatives, asserting an funding of ₹ 500 crore to facilitate the expansion of the EV trade by creating EV Ancillary Cluster. The firm reported the very best ever gross sales of items in December 2021, and likewise inaugurated its new international headquarters in Vadodara, Gujarat.

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