Wednesday, February 8, 2023
HomeBikes and ScootyIncreasing demand for these electric scooter-bikes, sales increased by 39.89% last month

Increasing demand for these electric scooter-bikes, sales increased by 39.89% last month

WarWizard brand Joy E-Bike, a company that sells electric scooters and scooters in the country, has released its two-wheeler sales figures.

According to the company, it has managed to achieve a 131.6% growth in sales for the calendar year 2022 (January-December 2022).

The company has managed to sell 43,914 units of electric two-wheelers last year between January and December 2021, an increase that is more than double the units sold in the calendar year 2021. The company had earlier sold only 18,963 electric two-wheelers in CY 2021.

On the other hand, if we talk about the sales of December 2022, the company registered a double digit growth with 39.89% as compared to December 2021. Last month, the company sold 5,400 units of electric two-wheelers as against sales of 3,860 units in December 2021.

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The EV maker said that the calendar year 2022 has been a good year for it as it has managed to enter new segments and expand its reach. As the adoption of electric vehicles continues to grow, the company is also looking forward to new opportunities in the industry.

Yatin Gupte, Chairman & Managing Director, Ward Wizard Innovation & Mobility said, “Our strong product portfolio and cutting-edge technologies successfully met the expectations of buyers, driving triple digit growth in CY 2022 over last year. To bring more excitement to EVs and expand our product portfolio, the company is all set to introduce new models in the year 2023 along with developing India’s first EV cluster for overall growth of the industry.”

The company further announced that it has managed to sell over 30,000 electric two-wheelers in the first three quarters (April-December 2022) of this financial year and is expected to increase sales further in the coming months.


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