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Wardwizard Innovations rises on planning to establish 150 distributor showrooms at district level

Wardwizard Innovations & Mobility Ltd. | Automobile Two & Three Wheelers | Automobiles | BSE: 538970 | NSE:

02 May 2023 Evaluate

Wardwizard Innovations & Mobility is currently trading at Rs. 51.50, up by 0.27 points or 0.53% from its previous closing of Rs. 51.23 on the BSE.

The scrip opened at Rs. 51.90 and has touched a high and low of Rs. 51.90 and Rs. 51.17 respectively. So far 97141 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 78.00 on 06-Dec-2022 and a 52 week low of Rs. 47.80 on 26-May-2022.

Last one week high and low of the scrip stood at Rs. 51.95 and Rs. 48.50 respectively. The current market cap of the company is Rs. 1349.57 crore.

The promoters holding in the company stood at 70.09%, while Institutions and Non-Institutions held 0.10% and 29.81% respectively.

Wardwizard Innovations and Mobility has planned to restructure its distribution-dealer model and establish 150 ‘Distributor Showrooms’ at the district level in order to cement its relationships with Taluka-level Dealers. These showrooms will ensure efficient supply chain management for the distributors and dealers, and increase the ease of getting vehicles for customers.

The company currently has more than 600 touch-points in the country, and the process of establishing new distribution models aims to promote the high-performing taluka dealers to the next level of District Distributors. The decision has been taken by the management of the company where the opportunity of becoming a distributor would first be given to the existing dealers who supported Joy e-bike in becoming a reputed brand in the country. The number of distributors will vary basis population and demand in the district. The change has been pre-scheduled by a year to meet the continuously growing demand for the company’s products.

Wardwizard Innovations and Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.

Wardwizard Innovat. Share Price

8.74 -0.36 (-3.96%)

17-Apr-2026 16:59 View Price Chart

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Wardwizard Innovations rises on planning to establish 150 distributor showrooms at district level

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