Wardwizard Innovations & Mobility Ltd. is pleased to announce a positive start to the new fiscal year! Our first quarter results (April-June 2023) demonstrate our continued commitment to delivering innovative and sustainable electric mobility solutions.
Key Highlights:
- Solid Financial Performance: We achieved a standalone revenue of Rs 37.8 crore and a profit of Rs 1.73 crore, with an EBITDA of Rs 4.7 crore.
- Robust Sales: We sold 3,522 units of electric two-wheelers and three-wheelers, showcasing the growing demand for our diverse product range.
- Expanding Network: We inaugurated 12 new distributor showrooms across 11 cities in India, strengthening our commitment to customer accessibility and service.
- New Three-Wheeler Segment: We forayed into the electric three-wheeler segment, further diversifying our product portfolio and catering to a wider range of customer needs.
Driving Growth and Innovation
“The EV industry has witnessed a surge in recent times, owing to its awareness and adaptability,” said Yatin Gupte, Chairman and Managing Director, Wardwizard Innovations & Mobility. “To meet the rising demand for electric vehicles, we restructured our distributor model to better reach and serve our customers nationwide, expand our network, and explore new markets. As a commitment to innovation and a greener future, we have also forayed into the three-wheeler segment and have remained steadfast in catering to the rising demand for EVs.”
Looking Ahead
We are confident that our strategic initiatives, combined with our focus on innovation and customer satisfaction, will drive continued growth and success in the dynamic EV market.
Stay tuned for more exciting updates as we continue our journey towards a sustainable future!