WardWizard continues with strong sales momentum of electric two-wheelers in October 2021

Sells more than 2800 units in the month, YoY growth at 502 percent          

Riding on the high demand for its electric scooters and motorcycles, WardWizard Innovations and Mobility Ltd (BSE Code: 538970) – one of the country’s leading manufacturers of electric two-wheelers brand ‘Joy e-bike’ continued in achieving robust sales numbers in October 2021 as well.

As this festival season bring in the much-awaited festive cheer resulting in high demand in the market, the company has sold 2,855 units of electric scooters and motorcycles, registering a growth of 502% compared to October 2020, where sales stood at 474 units.

The company has further observed the double- digit growth of more than 13% as compared to last month (September 2021) where sales stood at 2500 units.

Commenting on the sturdy sales performance, Mr Yatin Gupte, Chairman & Managing Director, WardWizard Innovations and Mobility Ltd, said, “While our new automatic assembly line at Vadodara manufacturing plant is helping us meet the inflating demand, our ‘Joy E-Bike’ experience centres across several locations are reinvigorating our marketing strategies to help us target more potential customers. This festival season has brought festive cheers across the country; we are receiving additional orders at all our touch points. We are further confident of high retail sales in the first week of November, especially on the occasions like Dhanteras and Diwali, achieving another benchmark in our sales momentum.”