Why Wardwizard Innovations shares jumped 13% as it signed MoU with Gujarat government
October 26, 2023
Bagged New Orders
/ EV
Wardwizard Innovations shares soar 13% as it signs MoU with Gujarat government for EV cluster Wardwizard Innovations & Mobility Ltd, the maker of Joy e-bike brand, saw its shares surge 13% on Thursday, as it announced a Rs 2,000 crore investment plan to develop an electric vehicle ancillary cluster in Gujarat. The company signed a memorandum of understanding (MoU) with the Gujarat government at the Vibrant Gujarat Global Summit 2024 in Gandhinagar. What is Wardwizard Innovations & Mobility Ltd? Wardwizard Innovations & Mobility Ltd is an electric vehicle company that offers a range of e-bikes and e-scooters under the Joy e-bike brand. The company was founded in 2011 and is headquartered in Vadodara, Gujarat. The company claims to have sold over 25,000 e-bikes in India and has a network of over 300 dealers across the country. The company also exports its products to Nepal, Bangladesh, Sri Lanka, and Africa. What is the MoU with the Gujarat government by Wardwizar...