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Multibagger Wardwizard‘s ‘Joy e-bike’ surged in December 2023, dispatching 3,543 electric two-wheelers – a 38% growth from November. The year 2023 witnessed a 23,926 units sold, with 17,919 units in the first three quarters of FY24.
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Wardwizard Innovations signed an MoU with Sharjah (UAE) based BEEAH Group to manufacture electric vehicles. As part of strategic alliance, both companies will conduct feasibility studies for the production electric vehicle in the UAE.
🔹Impact: Shares of the electronic vehicle manufacturer are up by 5.4%.
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