In April 2022, WardWizard, the maker of Joy e-bike electric two-wheelers, sold 4,087 units in India, a growth of more than 8 times of 766 per cent as compared to 472 electric two-wheelers sold in April 2021.
Wardwizard Innovation and Mobility Ltd., the maker of electric two-wheeler brand Joy e-bikes, has released the monthly sales numbers for April 2022. The EV maker sold 4,087 units in India last month, witnessing an increase of over 8 times to 766 units. percent as compared to 472 electric two-wheelers sold in April 2021. However, we have to consider the fact that last April, as India was hit by the second wave of COVID-19, the company also had a very small line-up of EVs. then on sale. Therefore, comparing two months would not be ideal.
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In fact, compared to March 2022, during which the company sold 5,020 electric two-wheelers, WardWizard saw a month-on-month decline of nearly 19 per cent. This gives us a more realistic look at the company’s sales trajectory. The company says that while demand is definitely high, supply side constraints have had an impact on production.
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As compared to March 2022, during which the company sold 5,020 electric two-wheelers, WardWizard saw a month-on-month decline of around 19 per cent.
Speaking on the sales performance for April 2022, Sheetal Bhalerao, Chief Operating Officer, Wardwizard Innovation & Mobility Limited said, “We have started the new financial year with a strong momentum. However, various issues related to non-availability of raw materials Due to challenges, we are unable to meet the growing market demand. To counter this, we have assured our partners with alternative solutions. We are looking forward to see substantial demand for electric two wheelers and our models. Keeping in view the growth in demand, the company has added 40 more touchpoints in the month to markets like Gujarat, Maharashtra, Uttar Pradesh, Madhya Pradesh etc.”
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In FY2022, the company expanded its annual production capacity from one lakh units to two lakh units in a single shift with a new automated assembly line at its factory. The company has acquired 4 million square feet of land to develop India’s first Electric Vehicle Ancillary Cluster in Vadodara to boost production of essential raw materials locally.
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