Vadodara, March 24, 2023: Wardwizard Innovations and Mobility Ltd., one of India’s leading manufacturers of electric two-wheelers under the brand name “Joy e-bike”, commenced the operations of a lithium-ion battery assembly line with a capacity of 1 GWh. This move comes under the Phase 1 development of the EV Ancillary Cluster at Vadodara, Gujarat.
Under the phased development plan of the EV ancillary cluster, the battery assembly line with a capacity of 1 GWh is a strategic move on the part of the company. It has been done with a vision to ensure the highest quality standards where the company can have direct control on the quality and standards of their battery packs. Further, with this move, the company has taken a step to solidify its contribution to the existing EV ecosystem. The company has accomplished the target of rolling out the first batch of assembled battery packs recently from this unit.
Elaborating about the development, Mr. Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations Mobility Ltd. commented, “We are pleased to announce the commencement of our battery assembly line, which was an integral target for FY’ 2022–2023. As we are observing rising demand for EVs, quality and safety are of utmost priorities, and with our in-house battery assembly line, Wardwizard is a step closer to contributing to the EVolution. This step will further make EVs more affordable than before. We are actively working on scaling the capacity of our battery assembly and starting the manufacturing of other components, including chassis, motors, and steel parts, as well as lithium-ion cells, in the near future.”
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The company further plans to expand its R&D operations and production of electronic components in the EV Ancillary Cluster.
About Wardwizard Innovations & Mobility Limited
Wardwizard Innovations & Mobility Ltd. is one of India’s leading auto manufacturing companies in the Electric Vehicle (EV) segment under the brand name Joy e-bike. Being the first listed entity on BSE in Electric Vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment to have a positive impact in the future. Given the current state of the environment, where fuel-powered vehicles account for the vast bulk of carbon emissions, the company is promoting improvement by offering cleaner, greener options that produce no emissions. With more than 10 models in its portfolio in both high and low-speed categories, the Company has established a strong presence in more than 55 major cities across India and aspires to boost this number throughout the country.
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