WardWizard Joy e-bike sales in February 2022 are highest yet
WardWizard Joy e-bike had a great February 2022. Sales reached the 4,450 unit mark. For the electric two-wheeler manufacturer, its February 2022 sales performance will go down in history as the highest-ever month-to-date sales performance to date.
Sales have benefited from the brand’s strong product portfolio. This includes three new fast electric scooters and a fleet management vehicle. A year earlier, the sales scenario for e-bikes looked very different.
At the time, the company reported sales of 320 units. Sales even outperformed January 2022. MoM sales growth was 12.62 percent, up from 3,951 units sold in January 2022.
2022 revenue growth
Looking at the way 2022 has started, WardWizard is gearing up for a busy one. In the first two months itself, Joy e-bike sales have surpassed 8.3k unit. Electric two-wheeler companies have reported improved sales in recent months.
Of course, these numbers are still small in terms of sales volume, but it’s definitely a better time to be in business than ever before. So while overall electric scooter sales are still a low figure in the bigger picture, these numbers are definitely growing.
With the space for electric scooters filling up fast, the quest to get to the top has meant that there is a lot of competition. In just a few years, the electric two-wheeler space has seen an endless number of new companies enter the space.
As new entrants are making a name for themselves step by step, the industry is expected to get even busier as mainstream manufacturers take a more active role in developing and selling electric two-wheelers. Until then, new companies will continue to take advantage of the growth car and take advantage of the current surge in demand for electric scooters.
High Speed E-Scooters
As FY22 draws to a close, the company reports that sales have crossed 25k with 25,777 units. WardWizard is committed to meeting its annual target of a consistent increase in demand for its e2Ws.
Sheetal Bhalerao, Chief Operations Officer, WardWizard Innovations and Mobility Ltd, said: “With the launch of two new high-speed e-scooters and a fleet management vehicle, the Joy e-bike has become one of the most preferred EV brands in the world. country and this makes us immensely proud and responsible.
The overwhelming response across the country helped us set a new sales record in February. As the fastest growing EV brand, we focus on bringing advanced products and expanding touchpoints to strengthen our presence in the market. For us, the EV revolution is a mission and we strive to provide quality products to our valuable customers.”