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This electric vehicle maker records over 2900% YoY growth in January 2022

WardWizard Innovations and Mobility said it recorded year-over-year growth of 2,963% compared to January 2021.

Via Automatic table HT
Update on:
02 Feb 2022, 03:46 ONLY

WarWizrad recorded a year-over-year growth of 2,963% compared to January 2021.
WarWizrad recorded a year-over-year growth of 2,963% compared to January 2021.

WardWizard Innovations and Mobility, the maker of the ‘Joy e-bike’ brand of electric two-wheelers, announced that it sold 3,951 EVs in January 2022.

The company added that it recorded a year-over-year growth of 2,963% compared to January 2021 as in the corresponding month last year it sold only 129 electric vehicles.

In terms of year-to-date performance (YTD) 2021-22, the company has sold more than 21,000 electric two-wheelers (21,327 units). In addition, it aims to reach 30,000 units by the end of the current financial year.

(Also read: WardWizard Mobility, maker of Joy e-bikes, plans to set up an EV . auxiliary cluster)

Comments on positive sales performance for January 2022, Sheetal Bhalerao, Manager Executive Officer, WardWizard Innovations and Mobility Ltd, said, “We are overwhelmed by the success of our current market expansion strategies and are excited to have won the trust of our consumers by responding to meet their expectations through the sheer impact of the quality of our products and services. “

While sales of electric two-wheelers have increased significantly over the past few months, conventional ICE vehicles (bicycles as well as scooters) seem to be struggling. Major car manufacturers like Hero MotoCorp, Royal Enfield, as well as HMSI which has seen a significant drop in sales. However, only Suzuki Motorcycles India recorded an overall sales growth of 8% last month.

“As the sustainable mobile market grows, we are seeing a steady increase in monthly sales across all of our touchpoints. The company is further enhancing its product portfolio with the launch of new high-speed scooter models in February 2022 to meet the aspirations of next-generation racers. As this year’s budget makes a big push to promote the entire electric vehicle ecosystem, we are optimistic that it will boost buyer confidence and help them transition to EVs,” added Bhalerao.

Date of first publication: 02 Feb 2022, 03:45 PM IST

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