WardWizard Innovations & Mobility Ltd. to double
the production capacity by October 2021
Expecting the highest ever sales in the festive season
WardWizard Innovations and Mobility Ltd. (BSE Code: 538970)– a leading manufacturer of electric two-wheeler brand ‘Joy e-bike’ today announced to set up an automatic assembly line at its Vadodara unit to double the production capacity.
Considering the growing demand for EVs, majorly driven by the electric two-wheelers, the company’s new automatic assembly line will become operational from October 2021, increasing its annual production capacity from one lakh units to two lakh units in a single shift. The production capacity can be further ramped up to 6 lakh units annually with three shifts depending on the market demand.
Another noteworthy fact is that the company is planning to expand its reach with more than 750 dealerships
by the end of this financial year. At present, it has 400 dealerships across the country in tier-I, II and III cities.
August 2021, WardWizard achieved its highest ever monthly sales of 2000
units and registered the
order of more than 5000 units. As EVs are becoming essential, the
company is further optimistic about achieving record-breaking numbers in
the festival season.