Wardwizard Share Price touched a 52-week high. Gujarat-based Electric Vehicle manufacturing company Wardwizard Innovations & Mobility Limited posted quarterly results on 13th Jan 2024. The company has reportedly posted a standalone revenue from operation of 106.29 cr, which is 52.2% higher than the same quarter in FY2022-23. Also, the company has posted a standalone net profit of 5.70 cr which is 66.12% higher than the same quarter in FY2022-23 which was 3.43 cr.
Wardwizard Innovations & Mobility Limited Unveils 6 Concept Models of Electric Vehicles at the 10th edition of Vibrant Gujarat Global Summit
Recently the company also showcased 6 concept models of electric vehicles at the 10th edition of Vibrant Gujarat Global Summit 2024. The company unveiled 2 high-speed electric scooters under the brand name of “Joy e-bike” and to strengthen the segment of commercial electric vehicles (EV) they showcased the concepts of electric Golf carts (6 seaters), Garbage Vehicle, E-Cart, and E-Loader Vehicle. The company also showcased the EV Ancillary Cluster Model with in-house manufacturing capabilities of essential EV Components (Assembly Line, Motor, Controller, Battery Pack, Cells etc.)
Speaking at the Summit and outlining the company’s plans, Mr. Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Ltd, said, “We are grateful to the Government of Gujarat for presenting us with the opportunity to showcase our vision in furthering sustainable mobility in the country and thereby strengthening India’s role as a global leader in the space. With initiatives like the Vibrant Gujarat Global Summit, the State Government is leading the transformation in sustainable mobility in India. Joy e-bike is keenly committed to providing safe and convenient electric mobility solutions, making EVs accessible for everyone. In coming years, EVs will become a necessity rather than an option. Innovation is our biggest strength, and as these EVs enter production, we believe that these concept EVs will revolutionize the segment. We are confident that these models will help in fulfilling customer demand along with giving them superlative experience of comfort and safe mobility. It gives us immense pleasure in introducing the concept of hydrogen based fuel cell technology that showcases our R&D capabilities and commitment to a sustainable world.”