Wardwizard Innovations & Mobility has signed Memorandum of Understanding (MoU) with the Gujarat government to invest Rs 500 crore. The agreement aims to foster the growth of the electric vehicle industry and meet the government’s vision of strengthening green mobility in the state. The signing ceremony of MoU with the Gujarat Government took place as part of Vibrant Gujarat Global Summit 2022 in Gandhinagar.
As part of the agreement, WardWizard would invest Rs 500 crore on research and development of electric 2 & 3 wheelers, setting up the motor assembly at Vadodara’s facility, and developing ancillaries to manufacture raw materials. The company will also generate more than 6000 jobs in the state.
Wardwizard is an innovation-driven company which is India's First BSE listed EV manufacturing company.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9783.20 |
| TVS Motor Company | 3626.00 |
| Hero MotoCorp | 4854.55 |
| Eicher Motors | 7340.10 |
| Ather Energy | 1130.20 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: