WardWizard Innovations and Mobility, a manufacturer of electric two-wheeler brand ‘Joy e-bike’, said today it sold 4,261 units in September 2022, registering a growth of 70 per cent.
In September 2021, it sold 2,500 units of electric two-wheelers.
Entering the festive season with more demand for electric mobility, the company has observed a month-on-month growth of 146 per cent compared to August 2022, when the company had sold 1,729 units.
Yatin Gupte, Chairman and MD, WardWizard, said, “With the festive cheer and positive customer sentiments, there is robust demand in the market. As the infrastructure for electric mobility continues to improve, coupled with a better supply chain, we are witnessing high demand for our products across all our touchpoints. Backed by the festive season and the continuous need for personal mobility, we are further expecting strong retail. Solidifying our presence not only in the domestic but even in the global markets, we have already begun sales of our electric two-wheelers in Nepal in September and exploring new opportunities in other global markets. Looking at the current market potential, we are optimistic that the market will sustain the momentum.”
With the positive customer sentiments and the ease of supply chain issues, the company has clocked the sales mark of 8,448 units in Q2 of FY23, translating into a growth of 55 per cent over Q2 of FY22, when the company had sold 5,446 units of electric two-wheelers.