Wardwizard Innovations and Mobility, the owner of Joy e-bikes has launched four new electric motorcycles. Amit Shah, the Home Minister of India presided over the launch. Wardwizard has also announced that they have invested Rs 45 crore on a new electric two-wheeler manufacturing facility in Vadodara, Gujarat.
Joy bikes currently sell six models across the country. The manufacturer has now launched four high-performance electric motorcycles. Among the four newly launched bikes, the Joy Beast is a naked streetfighter. The bike looks almost identical to the Kawasaki Z1000, especially the headlamp unit.
The fully-faired electric bike – Joy Thunderbolt looks very similar to the Kawasaki Ninja. The other two bikes – Hurricane and the Skyline also look like they are inspired by the popular superbikes.
The manufacturer is yet to announce the specifications of these four new motorcycles. Joy announced that they will announce the specifications in the coming months. However, they did not give an exact date or time.
The four new products will be equipped with lithium-ion battery packs. This will allow the customers to take the advantage of the FAME-II benefits in subsidy. The Hurricane motorcycles have a top speed of 120 km/h. It generates a maximum of 230 Nm of torque. The battery pack takes about 8 to 10 hours to charge completely.
All the bikes get LED headlamps, disc brakes at the front and the rear, LED instrument console. alloy wheels and so on. Joy is yet to announce the prices of these bikes too. The estimated price will be around Rs 1 lakh.
New production plant
The virtual inauguration ceremony of the new plant was done by Amit Shah, Minister for Home Affairs, Government of India on January 28. The inaugural function was also attended by Ranjanben Bhatt, MP, Vadodara and Rajendra Trivedi, Speaker, Gujarat State Legislative Assembly.
Yatin Gupte, chairman and MD, Wardwizard Group said,
“Inspired by the clarion call of Atmanirbhar Bharat and Make in India by our PM Narendra Modi, we at Wardwizard Group are happy to complete the expansion in such a short time. I am both humbled and honoured to share this big step with Amit Shah who has been kind enough to grace us with his support and encouragement. We intend to manufacture all the parts and components of the electric bikes right from the chassis to batteries. With the growing demand for electric bikes, we expect to grab 25% market share of the overall EV two-wheeler segment by the year 2025.”
The new facility will have the capacity to produce over 1 lakh electric bikes every year in the first phase. It can be expanded as per need and demand.
“The new facility has the capacity to manufacture over 1 lakh units of electric bikes per year in the first phase which can be gradually expanded to 3-4 lakh units per year with 2-3 shifts. In addition to domestic market, company look to export its electric bikes in Africa, Middle East and Europe. The company is also open to collaborate with other electric vehicle brands to offer its manufacturing facilities. In the next 3-4 years company has set a revenue target of Rs 500-600 crore and will also be launching electric three-wheeler,” added Gupte.
The group plans to have a presence in the domestic market with over 2,500 dealers in the next two to three years. Currently, there are about 800 dealerships across India.