WardWizard Reports Sales Growth of Over 131% in 2022

WardWizard Innovations and Mobility Ltd., a manufacturer of electric two-wheelers under the brand name Joy, reported that the company sold 43,914 electric scooters and electric motorcycles in India in 2022, a growth of 131.6% compared to FY2021. 18,963 electric vehicles were sold. Also, the electric two-wheeler maker claimed to have shipped 5,400 electric vehicles in December 2022, a 39.89% increase compared to 3,860 units in the same month last year.

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Updated on:
January 4, 2023 at 13:52 pm

WardWizard hopes to continue the sales growth of the Joy e-bike.

The automaker also said it sold 30,493 electric two-wheelers in the first three quarters of this fiscal year, between April and December last year. Compared with the sales of 17,340 electric two-wheelers in the same period of the previous fiscal year, the car company saw a growth of 75.8%.

Also Read: New Year 2023: Top premium motorcycles to arrive in India

Commenting on the growth outlook for 2023, Yatin Gupte, Chairman and Managing Director of WardWizard Innovations & Mobility Ltd. said that 2022 will be a significant year for the company, with new sales milestones achieved and new market segments entered , and expanded its influence in the global market.

He also said the company was successful in fulfilling buyers’ wishes, recording triple-digit growth in 2022 compared to the previous year. “With the increasing adoption of electric vehicles, we look forward to new opportunities in the industry; overcome previous challenges and observe strong growth momentum. Bringing more excitement to our customers and expanding our product portfolio, the company Ready to launch new models to develop India’s first EV cluster by 2023 for overall industry growth,” he further added.

First published date: Jan 4, 2023 at 13:52pm CST


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