Wardwizard Innovations & Mobility Ltd. - one of the leading companies in the EV segment which owns brands including Joy e-bike and Vyom Innovation has inaugurated a new state-of-the-art facility at Vadodara, Gujarat for manufacturing electric two-wheelers. Company has invested around Rs. 45 crore in the new plant spread across 3 acres with a capacity to manufacture over 1 lakh electric two-wheelers per year in the first phase in one shift. Company has also launched 4 new models of high performance electric bikes - Beast, Thunderbolt, Hurricane and Skyline. The new plant is estimated to generate around 6,000 direct and indirect employment opportunities.
Virtual inauguration ceremony of the new plant was conducted by Shri Amit Shah, Hon'ble Minister for Home Affairs, Government of India on January 28. The inaugural function was also attended by Ranjanben Bhatt, Member of Parliament, Vadodara and Mr. Rajendra Trivedi, Speaker, Gujarat State Legislative Assembly.
Speaking on this occasion, Mr. Yatin Gupte, Chairman and Managing Director, Wardwizard Group said, “Inspired by the clarion call of Atmanirbhar Bharat and Make in India by our PM Shri Narendra Modi, we at Wardwizard Group are happy to complete the expansion in such a short time. I am both humbled and honoured to share this big step with Shri Amit Shah Ji who has been kind enough to grace us with his support and encouragement. We intend to manufacture all the parts & components of the electric bikes right from the chassis to batteries. With the growing demand for electric bikes, we expect to grab 25% market share of the overall EV two-wheeler segment by the year 2025.”
Under its brand Joy e-bike, company also launched four new models of high performance electric bikes - Beast, Thunderbolt, Hurricane and Skyline which are equipped with exceptional speed, power and pick-up features With this company’s EV product portfolio of e-bikes, e-scooter is increased to 10 plus models, which is largest in the industry.