WardWizard Mobility sells 5,020 units in March, records 30,761 units in FY22

WardWizard Mobility registered 702 per cent YoY sales growth in FY22 and 328 YoY growth in March 2022.
By : HT Auto Desk
| Updated on: 04 Apr 2022, 13:21 PM
Joy e-bike aims to increase its investment in the R&D sector.
Joy e-bike aims to increase its investment in the R&D sector.
Joy e-bike aims to increase its investment in the R&D sector.
Joy e-bike aims to increase its investment in the R&D sector.

WardWizard Mobility, the maker of Joy e-bikes has announced on Monday that it sold a total of 5,020 units of electric two-wheelers in March 2022. Also, the EV company claims to have sold a total of 30,761 units of electric two-wheelers in the last financial year, marking a whopping 702 per cent growth. In FY21, the Ev company sold 3,834 units of electric two-wheelers.

(Also Read: Is Tesla inching towards $4 trillion worth? Here's what analysts say)

Also, the EV company claims that it recorded a 328 per cent year-on-year (YoY) growth in March this year, as compared to the same month a year ago when it retailed 1,174 units. The Ev manufacturer also mentioned that this was the first time when Joy e-bike's monthly sales volume crossed the 5,000 units mark.

Similar Bikes

Find More Bikes
Cfmoto Electric Bike (HT Auto photo)
UPCOMING
Cfmoto Electric Bike
₹2 Lakhs *Expected Price
Triumph Triumph Electric Bike (HT Auto photo)
UPCOMING
Triumph Triumph Electric Bike
₹15 Lakhs *Expected Price
Svitch Bike Svitch Bike Svitch Xe+ (HT Auto photo)
Svitch Bike Svitch Bike Svitch Xe+
₹98,999 *Ex-showroom price
Hero Electric Ae-47 E-bike (HT Auto photo)
UPCOMING
Hero Electric Ae-47 E-bike
₹1 Lakhs *Expected Price
Harley-davidson Harley Davidson Edt600r Electric Bike (HT Auto photo)
UPCOMING
Harley-davidson Harley Davidson Edt600r Electric Bike
₹6 Lakhs *Expected Price
Joy E-bike Beast (HT Auto photo)
Joy E-bike Beast
₹2.42 Lakhs**Ex-showroom price

Speaking about the sales performance in March 2022 and FY2021-22, Sheetal Bhalerao, Chief Operations Officer, WardWizard Innovations and Mobility Ltd, in the current financial year, the company will increase its investment in R&D, diversify its product portfolio and strengthen its market presence as well. "With the fuel prices touching the sky, we are observing fast shift toward electric two-wheelers and are confident to create another sales benchmark," she further added.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Considering the growing demands for electric vehicles, especially the electric two-wheelers, WardWizard aims to upscale its product offensive with aggressive plans.

The electric two-wheelers are witnessing rapidly surging demands because of multiple factors. One among them is the rapidly rising price of petrol. Apart from that lower maintenance and ownership cost is another major factor that is driving the consumers toward electric vehicles rather than ICE vehicles. FAME-II scheme along with several state governments' subsidy driven EV policies too are promoting electric mobility across the country, helping the demand for electric vehicles to surge significantly.

 

First Published Date: 04 Apr 2022, 13:21 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city