Wardwizard unveils new Joy-e models and targets 42,000 EV sales in FY24, aiming to expand its electric three-wheeler segment by 35% by FY26.
Wardwizard Unveils New EV Models, Sets Bold Sales Targets
Wardwizard Innovations & Mobility, a Vadodara-based electric vehicle manufacturer, has announced ambitious plans to expand its footprint in India’s growing EV market.
The company aims to sell 42,000 units in FY24, including 2,000 electric three-wheelers, as it diversifies its portfolio to include passenger and cargo three-wheelers.
Looking further ahead, Wardwizard projects sales of 50,000 electric two-wheelers and 10,000 three-wheelers by FY26.
This marks a strategic shift as the company targets 30-35% of future sales from the electric three-wheeler segment.
Recently, Wardwizard introduced four new models under its Joy-e-rik and Joy-e-bike brands, including two passenger and two cargo e-three-wheelers.
Notable offerings include the Joy-e-rick, priced at ₹3.85 lakh (ex-showroom) and boasting a range of 150 km per charge, and the Joy Bandhu, starting at ₹1.34 lakh (ex-showroom) and with a range of up to 120 km.
The cargo models are priced at ₹4.24 lakh and ₹1.30 lakh, respectively.
The company also launched the Nemo, a high-speed electric scooter priced at ₹99,000 (₹98,000 introductory offer).
Designed for urban commuters, it features three drive modes and an impressive running cost of 17 paise per kilometer.
With a production capacity of 1.8 lakh units annually, Wardwizard is positioning itself to capture a larger share of India’s growing EV market.
Conclusion
Wardwizard’s aggressive sales targets and expanded product line signal a strong commitment to scaling its presence in the competitive EV space.
As demand for sustainable transportation rises, the company’s innovative models and strategic focus could be pivotal in shaping India’s EV future.
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