KOCHI:
Wardwizard Innovations & Mobility Ltd., one of India’s leading manufacturers of electric vehicles under the brand ‘Joy e-bike’, announced its financial results for the first quarter (April- June 2023) of FY’24.
The company recorded a standalone revenue of Rs. 378.7 MN in the first quarter of FY’24. Additionally, the Profit After Tax (PAT) for Q1 of FY’24 amounts to Rs. 17.3 MN. During the same period (April – June 2023), the company sold 3522 units of high and low-speed electric two-wheelers and electric three-wheelers.
Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd. Said, “The EV Industry has witnessed a surge in recent times, owing to its awareness and adaptability. To meet the rising demand for Electric Vehicles, we restructured our Distributor Model, to better reach and serve our customers nationwide, expand our network and explore new markets. As a commitment to innovation and a greener future, we have also forayed into the three-wheeler segment and have remained steadfast in catering to the rising demand for EVs. With a focus on delivering excellence, we are confident in providing our customers with best-in-class products and services and are optimistic about our ability to strengthen our position and contribute to a cleaner, greener future.”
Highlights for Q1 FY’24 (April 2023 – June 2023)
MIHOS & Joy E-rik Deliveries Commencement
New Distribution Channel and Inauguration of the first Distributor Showroom
EV Centre of Excellence
Marketing & Branding
Participation in EV Exposition
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