WardWizard, under the brand of Joy, sells electric vehicles in the country. For FY22, the company posted its highest-ever sales of 30,761 units. The figure for FY 21 stood at 3,834 units. This results in a growth of a staggering 702 per cent. For March 2022, the company posted a total sales of 5,020 units, up from 1,174 units for March 2021. The month-over-month growth figure was 328 per cent. Taking inspiration from the growing sales volume, Joy e-bike will invest more in the R&D of its vehicles. This will ensure better products, thus attracting more customers to the showrooms.
Electric Vehicles Are The Future
With fuel prices reaching astronomical numbers, customers are more than willing to switch away from traditional ICE vehicles. Currently, electric vehicles are the best alternative to ICE vehicles, hence the increasing positive trajectory in the sales charts. Joy e-bike, along with a host of other EV makers, are posting triple-digit sales growth. This does indicate that the shift is happening at a much faster rate.
Key Highlights Of Joy E-Bike For FY 22
To ensure the localisation of its products, Joy e-bile acquired 4 Million sq ft of Land for the development of India’s First-Ever Electric Vehicle Ancillary Cluster in Vadodara. Furthermore, the company has also signed MoU with the Gujarat Government. As a part of this, Ward Wizard will make an investment of 500cr for the research and development of electric vehicles in Gujarat. The EV maker’s Vadodara manufacturing plant’s annual manufacturing capacity was increased from one lakh units to two lakh units.
Riding on the success of its electric scooters, Joy e-bike is increasingly expanding its network. In Gujarat, the EV maker added 20 new dealerships in FY22. In the country, Joy e-bike has now entered the Assan market with its first dealership set up in Guwahati. To further enhance the customer service experience, Joy E-bike opened its first-ever experience centre in Pune. The plan is to set up three more such exclusive experience centres in Maharashtra in the coming days.
Also Read: Joy e-bike launches fleet management electric scooter Del Go at INR 1,14,500.
