Wardwizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It is engaged in manufacturing eco-friendly electric scooters and vehicles. It operates in the electric vehicle manufacturing sector in multiple countries, including India, Uganda, and Nepal.
The electric vehicle maker under the ‘Joy e-bike’ brand in India inked a memorandum of understanding (MoU) with the Gujarat government to invest Rs 2,000 cr in the development of an electric vehicle ancillary cluster by 2024.
Under the agreement, Wardwizard is set to make a substantial investment of Rs 2,000 cr, spanning various critical areas. This includes research and development of electric 2 & 3 wheelers, the establishment of motor assembly at Vadodara's facility, Li-ion Cell production, and the development of ancillaries for raw material manufacturing,
Company has 750+ Distributor showrooms Across India.
The EV market in India is estimated to reach Rs. 50,000 cr (US$ 7.09 billion) by 2025.
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