Wardwizard Innovations & Mobility Limited (WIML), one of India's leading electric vehicle manufacturers under the brands 'Joy e-bike' and 'Joy e-rik,' has taken another significant step in its USD 1.29 billion partnership with Beulah International Development Corporation. The company has successfully dispatched four additional customized electric three-wheelers to the Philippines for testing, ensuring their suitability for the local market. This follows the initial shipment of the e-Trike (Driver + 10) in the third quarter of FY 24-25, reinforcing Wardwizard's commitment to transforming public transportation in the Philippines with sustainable mobility solutions.
The company has dispatched electric three-wheelers which have been designed to meet the specific needs of public and commercial transport in the Philippines. The lineup includes Model 1 (Light Version) with a Driver + 2 +3 seating for urban commutes, Model 2 (Heavy Version) with Driver + 3+3 seating for higher passenger capacity, and Model 3 with a Driver + 6 (3+3 facing) configuration for shared mobility. Additionally, a three wheeler Cargo/Loader has been sent to support sustainable logistics. These vehicles will undergo comprehensive testing to ensure compliance with local transportation standards and regulations set by the Philippine Government, assessing their suitability for the local market.
Mr. Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Limited, stated, "We are delighted to take another significant step in our partnership with Beulah International Development Corporation, further contributing to the Philippines' transition towards sustainable mobility. At Wardwizard, our focus is on delivering innovative, efficient, and market-relevant EV solutions. With these additional vehicles now dispatched for testing, we are making steady progress in fulfilling our commitment under this strategic collaboration. India is at the forefront of shaping the global EV landscape, and we take immense pride in bringing our expertise to the Philippines. Together with Beulah International, we remain dedicated to accelerating green mobility solutions and fostering a cleaner, more connected future."
This development follows the Memorandum of Understanding (MoU) signed between Wardwizard Innovations & Mobility Limited and Beulah International Development Corporation, a prominent full-service business integration and EPC firm in the Philippines, backed by RP Connect to modernize the Philippines' public transport with advanced EVs. Wardwizard previously dispatched the e-Trike (Driver + 10) as the first step in this initiative. Under the agreement, the company will supply electric two-wheelers, three-wheelers, and specially designed four-wheelers for commercial use, reinforcing its commitment to sustainable mobility in the region.
Shares of Wardwizard Innovations & Mobility Ltd was last trading in BSE at Rs. 29.56 as compared to the previous close of Rs. 25.56. The total number of shares traded during the day was 7310920 in over 15806 trades.
The stock hit an intraday high of Rs. 30.65 and intraday low of 25.20. The net turnover during the day was Rs. 212190113.00. |
