“The Production Linked Incentive scheme (PLI) of Rs. 26,058 crore for the Auto and drone industry is a futuristic step by the government, which will help the automobile industry to be self-reliant, loaded with the latest technology. The scheme aims to enhance India’s manufacturing capabilities and will boost the sunrise industry of Electric vehicles. The PLI scheme is going to promote our Indian manufacturers to expand their businesses. The push for a clean environment and sustainable mobility will help us to raise our targets by a higher percentage and expand operations in global markets. This move will further make this segment stronger with the utilization of advanced technology and fasten infrastructure.”
About WardWizard Innovations & Mobility Limited
WardWizard Innovations & Mobility Ltd is a leading auto manufacturing company in the Electric Vehicle (EV) segment under the brand name Joy E-Bike. Being the first listed entity on BSE in Electric Vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment to provide clean and greener alternatives to the existing usage of mobility, aligned with its philosophy of driving a positive change. Through Joy E-Bikes, the Company has been providing a greener alternative to traditional fuel-driven bikes. It has footprints in more than 25 major cities across India and aspires to boost this number throughout the country.
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