Vadodara-based electric vehicle maker Wardwizard Innovation and Mobility expects 30-35% of its sales volume to come from electric three-wheelers.
The company has also stated that it aims to sell up to 42,000 units in the current financial year.
WardWizard Innovation & Mobility has expanded its product portfolio under the Joy-A-Rick and Joy-E-Bike businesses with two new launches in the passenger segment and two in the business segment. It has also launched a high-speed electric two-wheeler.
“We expect three-wheeler sales to contribute 30-35% to our overall vehicle sales,” said Akhtar Khatri, director, sales and strategy, in a media interaction.
The company aims to sell 35,000 to 40,000 two-wheelers apart from 2,000 three-wheelers in the current financial year, and in the next financial year 2076-77, the target is to sell 50,000 electric two-wheelers and 10,000 electric three-wheelers.
Wardwizard also said that the current production capacity is 1.2 million units per annum for e-two-wheelers and 60,000 units per annum for e-three-wheelers.
99,000 (ex-showroom), the high-speed electric scooter Nemo is designed for urban roads, offering three drive modes – Eco, Sport and Hyper. It is equipped with a 72V, 40Ah lithium-ion (NMC) battery with smart BMS for extended life and performance, the company said.
The company claims that Nemo offers a running cost of up to 17 paisa per kilometer.
The company announced the booking of the e-scooter and also offered an introductory price of Rs 98,000 till next month.
The passenger segment e-three-wheeler Joy-e-Rick, which comes at a starting price of Rs 3.85 lakh (ex-showroom), is equipped with a 10.24 KWh lithium-ion battery, a top speed of 50 km and a range. According to the company, 150 km on a full charge.
The passenger e-rickshaw Joy Bandhu is powered by a 48V BLDC motor and delivers a peak power of 1.59 kW, while a 7.2 kW lead-acid battery pack provides a range of 100-120 km per charge. Its price range starts from Rs 1.34 lakh (ex-showroom), WardWizard Innovation & Mobility said.
The e-three-wheeler for the cargo segment is priced at Rs 4.24 lakh (ex-showroom) and the e-rickshaw (for the cargo segment) at Rs 1.30 lakh (ex-showroom) respectively.
“Our new models, under both business verticals, mark an important milestone in our commitment to drive India’s transition to green and eco-friendly mobility,” said Chairman and Managing Director Yatin Gupte.