Wardwizard Innovations & Mobility Ltd – Registersgrowth across all key metrics led by volume, realisation, and new offerings


Wardwizard Innovations and Mobility Ltd (BSE Code: 538970), one of the leading manufacturers of electric two-wheeler ‘Joy E-bike’, announced its financial result for the fourth quarter ended March ‘21 of the financial year 2021. 


Commenting on the growth, Mr. YatinGupte,Chairman and Managing Director, Wardwizard Innovations and Mobility Ltd said, “We are delighted to achieve a positive outcome in one of the most challenging years in the country. We have increased our footprints across the nation and have also taken the Indian flag to foreign lands. The rise in demand for personal mobility and sky-rocketing fuel costs significantly boosts electric two-wheelers sales and caters to this growing opportunity.

 

Boosting the sales backed by the growing demand of electric two wheelers in the entire nation, the company sold more than 1,623 units of electric two-wheelers in Q4’21 as compared to 929 units in Q3’21. Registered the growth of more than 74.70% within a quarter for its popular range of products including the both electric motorcycles and scooters 

Further, the government across countries is coming down hard on pollution-related issues and reducing carbon emissions is one such step that is being advocated. And our E-bikes prove to be a tested and more economical alternative, without calling for any incremental investments.” 

Mr. YatinGupte,Chairman and Managing Director, Wardwizard Innovations and Mobility Ltd said Our recent decision to expand our manufacturing capacity at a new location, Vadodara, and to fast track this expansion plan is one such example of how this philosophy has helped the company spot opportunities and respond to it. This state of the art OEM facility has the installed capacity to manufacture more than 1 Lakh units in a single shift and can be extended to 3-4 lakh with 2-3 shifts.Right from visualising an expansion in our manufacturing capacity by multi folds to setting off to achieving those dreams has been a daunting task, especially for a company of our size. We are quite kicked with the scale of opportunity available to us going forward. All our historical and future efforts will take the company to the next level, I’m sure”.

 


Comments

Post a Comment

Popular posts from this blog

A 25 Year Voyage Through Rhythm: A Priceless Guru Nanak School Reunion

Image
Reconnecting with long-lost classmates, Teachers and School staff after a quarter-century has stirred deep feelings of nostalgia and priceless emotions. Anticipation filled the air as we eagerly awaited the long-awaited gathering on 25 th of November2023 at Hotel WESTIN, wondering how many would join us for this special occasion. A month before the anticipated reunion, few schoolmates addressed as the Core Team took the initiative to meticulously plan and organize the event, leaving an indelible mark on each of our hearts. The immediate reaction was one of overwhelming excitement, with tears in our eyes and smiles lighting up our faces. As an added delight, we collectively revisited our beloved Alma Mater, reviving cherished moments etched deep within our souls.Our school held tremendous significance, even those who ventured down different paths, departing in 7th, 8th, 9 th or 10th grade, still share an unbreakable bond with our iconic establishment, GURU NANAK MATRICLUATION SCHO
Read more

Isidores' love story is shattered when his wife is revealed to be a liar, cheat and unfaithful

Image
Isidore, a Belgian man, was adopted by a South Indian family in Mobdibri, Karnataka, and works at La Poste. He is a caring and caring person who remembers his past as a poor and lonely Mubdibri orphan. Despite significant financial aid to meet the needs of his wife's family, Isidore finds himself in a situation of divorce without consummating their marriage. In November 2021, Isidore met a young girl named Yasmina, whom he had previously introduced him to on a social network. Yasmina decided to marry Isidore despite their age difference. They got married on February 18, 2022, but Isidore felt something was unclear in his new life. He made all the necessary arrangements for her to come to Belgium and stay with him permanently. On May 10, 2023, Isidore's wife left for Belgium, but she refused her residence permit valid for 5 years, which allowed her to travel in Europe and return to her country. She returned to India after only 3 weeks. On June 22, 2023, Isidore collected e
Read more

SPROUTS 2023- Beautiful Creativity

Image
The 10th annual exhibition of paintings titled   SPROUTS -2023 showcasing beautiful   artworks   done by   creative and talented disciples of P.D.Paul was inaugurated on 1 st May 2023 in a grand and excellent manner at   Lakshana Art Gallery, Abhiramapuram, Chennai. The exhibition presented by Corner Stone, features a number of colourful paintings by artists, Subirthana, Stephanie Samuel, Saadhwishri, Poorna, Jairus and Jabez Kennady, Advika and guest artist Mr.Viswanathan. The participating artists have done fantastic paintings t based on various themes. The chief guest, Prof.Dr.P.Murugesa Boopathi, Former Vice Chancellor of Tamil Nadu Agricultural University inaugurated the exhibition by cutting the ribbon and presided over the function. The guests of honour for the inaugural ceremony were Rev.Fr.BI. Anthonyraj, Correspondent of DonBosco Mat.Hr.Sec.School, Srinivasa Nagar, Kolathur, Mr.P.Chandrasekaran, eminent artist and Dr.Padmavathi.R, Director of SCARF India Chennai ( Schizo
Read more