Demand for electric vehicles is constantly increasing in the Indian market, especially in the two-wheeler segment. Due to the government subsidy on petrol prices and electric vehicles, people are buying more of these vehicles. Wardwizard Innovation & Mobility Limited, the country’s leading electric two-wheeler manufacturer, announced today that its Joy Electric Bike brand performed well in July.
The company sells electric motorcycles and scooters under the Joy brand. According to a report published on Express Drive, the company sold 945 units in July, 446 percent more than the 173 units sold in July last year.
Speaking about the company’s impressive growth, Sneha Shaouche, chief financial officer of WardWizard Innovation & Mobility Limited, said: “Subsidies and discounts on electric vehicles from central and state governments have increased vehicle sales.” “The continued rise in fuel prices and awareness campaigns have increased the demand for automobiles. In addition, electric bikes are a top priority for many people in urban and rural areas,” he says.
Currently, automakers have their presence in more than 25 cities and are aiming to increase this number soon. Joy E-Bikes’ automotive portfolio includes high-speed electric bikes like the Tufon, Thunderbolt and Skyline at 90 km / h. In addition, the company also sells electric scooters.
At the company’s famous Bike Joy Monster, the company used a 250W capable BLDC electric motor and a 72 V, 39 AH lithium battery pack. The bike is capable of a maximum speed of 25 kilometers per hour. The bike offers a driving range of up to 100 kilometers on a single charge and the cost of driving it is just 25 per kilometer. It takes about 5 to 5.30 minutes to fully charge. Its price is Rs 1.56 lakh.
In addition, there are Joy Skyline and Thunderbolt Sport design bikes. The company used a DC Hubeless electric motor. Both bikes are capable of carrying a maximum weight of 150 kg and can run up to 110 km on a single charge. According to information on the company’s official website, the cost of running these bikes is just 40 paise per km. Skyline is priced at Rs 2.29 lakh. And the Thunder Bolt is priced at Rs 2.33 lakh.