EV player Wardwizard Innovations on expansion spree, plans newer models

Plans afoot for 3-wheelers and capacity expansion of 2-wheelers along with ancillary cluster

Even as it clocks a staggering 656 per cent growth in sales for the third quarter of financial year 2021-22, Vadodara-based electric two-wheeler player Wardwizard Innovations and Mobility Ltd is on an expansion spree.

On the back of a sales mark of 10,005 units in Q3 of FY22, the emerging EV player has already expanded its annual production capacity from 100,000 to over 200,000 units in a single shift with the new automatic assembly line at its Vadodara manufacturing plant. Now, Wardwizard is also adding more models and products to its kitty.

As part of the Rs 500 crore MoU,