Chennai, NFAPost: Wardwizard Innovations & Mobility Ltd (WIML), one of the leading manufacturers of electric two-wheelers under the brand ‘Joy e-bike’ and three-wheelers under the brand ‘Joy e-rik’ in India, has inaugurated its new assembly line facility for electric two-wheelers in Deoghar, Jharkhand.
The new facility will be an extension to the currently operating factory in Vadodara, Gujarat and is spread across the area of 15,000 sq. ft. The company will commence the assembly of its high and low speed electric two-wheelers at the new facility with the initial annual target of more than 20,000 units to cater to the growing demand of the Eastern and Northern region of India along with export market in Nepal.
Furthermore, the new facility will not only help in generating employment but also provide industry-specific training to the workers that shall help them in understanding the operations better.
Wardwizard Innovations & Mobility Chairman & MD Yatin Gupte said this expansion reinforces the company’s dedication to meeting the growing demand for sustainable mobility solutions and underscores the mission to drive innovation in the electric vehicle sector.
“The company is targeting a significant increase in electric two-wheeler sales in the coming two to three years. The northern and eastern regions have been very important markets for electric two-wheelers. We are seeing high demand from Jharkhand, Bihar, Odisha, and West Bengal, along with the north-eastern regions. Deoghar is also a strategic location for us due to its proximity to the other states,” said Wardwizard Innovations & Mobility Chairman & MD Yatin Gupte.
Wardwizard Innovations & Mobility has also showcased its commitment to innovation at the recently concluded Bharat Mobility Global Expo 2024. At the expo, the company unveiled the concept of its first hydrogen-powered electric two-wheeler and showcased its current product line-up, including high and low-speed models and the electric three-wheeler under the brand name ‘Joy e-rik.’
The company has also achieved a significant milestone by surpassing 100,000 electric two-wheeler sales in India. The company commemorated this achievement by rolling out its 100,000th unit, Mihos, from its state-of-the-art manufacturing plant in Vadodara.
Being the first listed entity on BSE in electric vehicle manufacturing, the company is mainly focused on the growth potential in the Indian EV segment to have a positive impact in the future. With more than 10 models in its portfolio in both high and low-speed categories, the company has established a strong presence in more than 400 cities across India and aspires to boost this number throughout the country.
