Wardwizard Innovations & Mobility has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest Rs 2,000 crore in the development of an Electric Vehicle Ancillary Cluster by 2024. This agreement is geared towards fostering the growth of the electric vehicle industry and aligning with the government's vision of enhancing green mobility within the state.
Under this agreement, Wardwizard is set to make a substantial investment of Rs 2,000 crore, spanning various critical areas. This includes research and development of electric 2 & 3 wheelers, the establishment of motor assembly at Vadodara's facility, Li-ion Cell production, and the development of ancillaries for raw material manufacturing. Furthermore, this initiative is expected to generate over 5,000 employment opportunities within the state, making a profound impact on both the electric mobility sector and the regional job market.
Wardwizard Innovations and Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.
