As a part of MOU signed with the Government of Gujarat for the amount of Rs 500 crore , WardWizard Innovations and Mobility jointly with its Promoters & Promoters’ Group acquired 4 million sqft of land with possession via MOU & Agreement for sale in Vadodara for the development of electric vehicle (EV) ancillary project. The investment to shape Indian EV industry is in accordance with the MoU signed with the Government of Gujarat in December 2021.
The land will also be utilized for the production of high-speed electric two-wheelers, electric three-wheelers (passenger segment), and R&D of electric four-wheeler as well as other future on Vadodara-Ahmedabad highway. It will be 02hrs from Ahmedabad; 08hrs from Mumbai; 20 minutes from Vadodara airport.
Wardwizard Innovations and Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.
