At Wardwizard Innovations & Mobility Ltd., we are thrilled to share that in July 2024, we successfully dispatched 1,623 units of electric two-wheelers under our renowned Joy e-bike and Joy e-rik brands. This milestone marks an outstanding 60% growth compared to the 1,012 units dispatched in July 2023, reinforcing the growing demand for electric vehicles (EVs) in India.
Record-Breaking Revenue Growth
Alongside the impressive dispatch numbers, we have also recorded a revenue of ₹489.68 million in the Q1 (April-June 2024) period of the FY’25, reflecting a significant 29.23% year-on-year (YoY) growth. This growth underscores the increasing acceptance of electric mobility solutions in India and our ability to meet the demands of a rapidly evolving market.
Sustaining Growth and Expanding Our Reach
Our Chairman and Managing Director, Mr. Yatin Gupte, emphasized that the increasing demand for electric vehicles has been a major driving force behind our growth. He said, “We are committed to sustaining this momentum by expanding our reach both nationwide and in international markets. With the upcoming festive season and the various initiatives taken by the government in the Union Budget to strengthen the economy, we are optimistic about the continued growth of the EV industry.”
As we continue our expansion efforts, our goal is to innovate and provide our customers with reliable and efficient electric vehicles, contributing to a sustainable and greener future. We are confident that as the EV market continues to gain momentum, our strategic efforts will allow us to remain at the forefront of this exciting industry.
Looking Ahead to a Greener Future
With the rising demand for electric vehicles, we are poised to expand our presence even further in the coming months. The upcoming festive season and the government’s initiatives to promote sustainability through the Union Budget offer significant opportunities for growth. At Wardwizard Innovations, we are dedicated to maintaining our focus on innovation and customer satisfaction as we work toward a greener, more sustainable future.
We remain optimistic about the future of the electric vehicle industry and are excited to continue providing high-quality and reliable EVs to our valued customers.