Achieves its highest ever monthly sales; Records YoY growth at 1190 per cent
WardWizard Innovations and Mobility Ltd (BSE Code: 538970) – one of the country’s leading manufacturers of electric two-wheelers continued with yet another strong sales momentum. Marketed under the brand name ‘Joy e-bike’, the EV manufacturer recorded its highest-ever monthly sales in November 2021.
Driven by the festive cheer and rebound in the business activities, the company sold 3,290 electric scooter and motorcycle units. The massive sales led to an 1190 per cent growth compared to November 2020, where sales stood at 255 units.
The low-speed models of the company have further observed good traction in both urban and semi-urban centres. Already, 13,516 units are sold from April 2021-November 2021, clocking the growth of 590% compared to the same months of last year (April 2020- November 2020), where the sale stood at 1957 units.
Commenting on the landmark sales, Mrs Sheetal Bhalerao, Chief Operations Officer, WardWizard Innovations and Mobility Ltd, said, “During this festival season, we have received phenomenal response across all our dealerships with massive bookings and inquiries in comparison to last year. With our network expansion and introduction of company-owned outlets, we have started receiving good responses from the customers in new markets as well. With more awareness and inclination of the customers for green mobility, we are confident of achieving robust sales numbers in the coming months.”