Wardwizard Innovations Eyes 30-35% Sales from E-Three-Wheelers
By Rediff Money Desk, Mumbai Dec 13, 2024 18:23
Wardwizard Innovations & Mobility expects e-three-wheelers to contribute 30-35% of sales, aiming for 42,000 unit sales this fiscal. The company has launched new e-two-wheelers and e-three-wheelers, including the high-speed Nemo scooter.
Mumbai, Dec 13 (PTI) Vadodara-based electric vehicle maker Wardwizard Innovations & Mobility on Friday said it is expecting that about 30-35 per cent of sales volume will come from e-three-wheelers going forward.
The company also said it is aiming to close the current financial year with up to 42,000 units in sales.
Earlier in the day, Wardwizard Innovations & Mobility expanded its product portfolio under the Joy-e-rik and Joy-e-bike business with two new launches in the passenger segment and two for the commercial segment. It has also unveiled a high-speed electric two-wheeler.
"Three-wheeler sales, we are expecting, to contribute 30-35 per cent in our overall vehicle sales," Akhtar Khatri, Director for sales and strategy, told reporters during a media interaction.
The company is looking to sell around 35,000-40,000 two-wheelers besides 2,000 three-wheelers this fiscal, while the target for the next financial year (FY 26) is to sell 50,000 units of e-two-wheelers and another 10,000 electric three-wheelers.
Wardwizard also said the current production capacity stands at 1.20 lakh units per annum for the e-two-wheelers and 60,000 units annually for the e-three-wheeler.
The high-speed electric scooter Nemo, priced at Rs 99,000 (ex-showroom) is designed for urban roads, offers three drive modes -- eco, sport, and hyper, and is equipped with a 72V, 40Ah lithium-ion (NMC) battery with Smart BMS for extended life and performance, the company said.
The company claimed that Nemo offers a running cost is as low as 17 paisa per km.
The company also announced the booking of the e-scooter from Friday and has offered an introductory price of Rs 98,000 till next month.
The passenger segment e-three-wheeler Joy-e-rick, which comes at a starting price of Rs 3.85 lakh (ex-showroom), comes equipped with a 10.24 kw Lithium-ion battery, a top speed of 50 km and has a range of 150 km on a full charge, as per the company.
The passenger e-rickshaw Joy Bandhu is powered by a 48V BLDC motor and delivers a peak power of 1.59 kW, while the 7.2 Kw lead-acid battery pack provides a range of 100-120 km per charge. Its price range starts from Rs 1.34 lakh (ex-showroom), Wardwizard Innovations & Mobility said.
The e-three-wheeler for the cargo segment has been priced at Rs 4.24 lakh (ex-showroom) and the e-rickshaw (for the cargo segment) at Rs 1.30 lakh (ex-showroom), respectively, it said.
"Our new models, under both business verticals, mark a significant milestone in our commitment to advancing India's transition to green and eco-friendly mobility," its Chairman and Managing Director Yatin Gupte said.
The company also said it is aiming to close the current financial year with up to 42,000 units in sales.
Earlier in the day, Wardwizard Innovations & Mobility expanded its product portfolio under the Joy-e-rik and Joy-e-bike business with two new launches in the passenger segment and two for the commercial segment. It has also unveiled a high-speed electric two-wheeler.
"Three-wheeler sales, we are expecting, to contribute 30-35 per cent in our overall vehicle sales," Akhtar Khatri, Director for sales and strategy, told reporters during a media interaction.
The company is looking to sell around 35,000-40,000 two-wheelers besides 2,000 three-wheelers this fiscal, while the target for the next financial year (FY 26) is to sell 50,000 units of e-two-wheelers and another 10,000 electric three-wheelers.
Wardwizard also said the current production capacity stands at 1.20 lakh units per annum for the e-two-wheelers and 60,000 units annually for the e-three-wheeler.
The high-speed electric scooter Nemo, priced at Rs 99,000 (ex-showroom) is designed for urban roads, offers three drive modes -- eco, sport, and hyper, and is equipped with a 72V, 40Ah lithium-ion (NMC) battery with Smart BMS for extended life and performance, the company said.
The company claimed that Nemo offers a running cost is as low as 17 paisa per km.
The company also announced the booking of the e-scooter from Friday and has offered an introductory price of Rs 98,000 till next month.
The passenger segment e-three-wheeler Joy-e-rick, which comes at a starting price of Rs 3.85 lakh (ex-showroom), comes equipped with a 10.24 kw Lithium-ion battery, a top speed of 50 km and has a range of 150 km on a full charge, as per the company.
The passenger e-rickshaw Joy Bandhu is powered by a 48V BLDC motor and delivers a peak power of 1.59 kW, while the 7.2 Kw lead-acid battery pack provides a range of 100-120 km per charge. Its price range starts from Rs 1.34 lakh (ex-showroom), Wardwizard Innovations & Mobility said.
The e-three-wheeler for the cargo segment has been priced at Rs 4.24 lakh (ex-showroom) and the e-rickshaw (for the cargo segment) at Rs 1.30 lakh (ex-showroom), respectively, it said.
"Our new models, under both business verticals, mark a significant milestone in our commitment to advancing India's transition to green and eco-friendly mobility," its Chairman and Managing Director Yatin Gupte said.
Source: PTI
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