Wheels of the Future! Wardwizard Hits the EV Accelerator with Big Order

Image Source: Times Drive

Wardwizard Innovations & Mobility Ltd has received a major order for 2,500 electric scooters, reinforcing its position as a leading player in India's EV market. The order is part of the company’s strategic expansion, aiming to accelerate the adoption of sustainable mobility solutions.

1. Details of the Order and Market Impact

The order includes Joy e-bike models, known for their efficient battery performance and affordability.
Wardwizard’s manufacturing facility in Vadodara will handle production and delivery.
The company’s stock price saw a slight uptick, reflecting investor confidence in its growing EV portfolio.

2. Strategic Expansion and Future Plans

Wardwizard recently secured a $1.29 billion EV order from Beulah International in the Philippines, marking its global expansion.
The company is investing in battery technology development, partnering with C4V to enhance EV charging infrastructure.
Plans are underway to introduce new electric three-wheelers and commercial EVs, strengthening its product lineup.

3. Industry Outlook and EV Growth in India

India’s EV adoption rate is expected to reach 30% by 2030, driven by government incentives and rising fuel costs.

Wardwizard’s latest order aligns with the nation’s push for green mobility, supporting sustainable urban transportation.

Sources: CNBC TV18, WardWizard, The Hindu