Wardwizard Innovations & Mobility Limited, known for its ‘Joy e-bike’ and ‘Joy e-rik’ electric vehicles, shipped 1,623 electric two-wheelers in July 2024. This represents a significant increase of over 60% compared to the 1,012 units delivered in July 2023.
The company reported a revenue of ₹489.68 million for the first quarter of FY 2025 (April-June 2024), marking a 29.23% year-on-year growth. Chairman and Managing Director Yatin Gupte attributed the growth to rising demand for electric vehicles in India. He expressed confidence in maintaining this growth through nationwide and international expansion, especially with the upcoming festive season and supportive government initiatives. Gupte emphasized the company’s commitment to innovation and providing reliable electric vehicles to support a sustainable future.
