Wardwizard registers 70 percent growth in September 2022

Wardwizard is eyeing a doubling of its existing production capacities to 2 lakhs at its factory in Gujarat and has targeted 4-6 lakh units a year with even an eye on the exports.

Autocar Pro News Desk By Autocar Pro News Desk calendar 04 Oct 2022 Views icon4302 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

The Vadodra-based Wardwizard Innovations & Mobility has registered a 70 percent increase in its sales at  4,261 units of electric two-wheelers in September 2022 as compared to 2,500 units in September 2021, on the basis of the recent footprint expansion undertaken by the company  
 

It  plans to further increase its dealer network from 550 dealers to 1500 dealers and develop a pan-India presence by 2023, it said in a press release.

Wardwizard clocked the sales mark of 8,448 units in Q2 of FY23, translating into a growth of 55 percent over Q2 of FY'22, when the company had sold 5,446 units of electric two-wheelers.

The maker of Joy e bikes is gearing up to launch four high-speed electric bikes and foray into the electric three-wheeler segment, to up its presence in the domestic market, said Yatin Gupte, chairman and MD, WardWizard Innovations and Mobility.

Gupte said he was optimistic about the festive season to push sales " We are witnessing high demand for our products across all our touchpoints," he added.

Wardwizard is eyeing a doubling of its existing production capacities to 2 lakhs at its factory in Gujarat and has targeted 4-6 lakh units a year with even an eye on the exports, Gupte said.

 

RELATED ARTICLES
Bengaluru start-up unveils zPod autonomous driving concept

auther Autocar Pro News Desk calendar04 Jun 2023

Minus Zero claims zPod will help reduce traffic congestion and road accidents using its proprietary self-driving tech.

Kia India sells 18,766 units in May, Sonet and Carens outsell Seltos

auther Autocar Pro News Desk calendar01 Jun 2023

Growing demand for Sonet compact SUV sees it drive ahead of the longstanding best-seller Seltos for the fourth month in ...

Tata Motors’ car and SUV sales rise 6% to 45,984 units in May

auther Autocar Pro News Desk calendar01 Jun 2023

The seven-model portfolio Tata Motors sees demand moderate to single digit in a month which saw the launch of the Altroz...