Gujarat Government and Wardwizard join hands to establish EV Hub

The Gujarat government and

electric two-wheeler

The business would use the Rs 2,000 crore Memorandum of Understanding to position Vadodara as a hub for electric vehicles and to support the creation of over 6,000 new employment opportunities. Wardwizard is famously known for its manufacturing of the "

Joy e-bike

According to the MoU, Wardwizard has purchased 100 acres of land from the state and intends to build auxiliary cluster units for the production of motors, control units, and batteries. Vendors establishing auxiliary units will receive free land and infrastructure from the government, and they will be allowed to sell their goods to other

EV

In an effort to lessen reliance on China for battery production, the MoU also pledges to establish a facility for the production of 1 GHz lithium-ion battery cells. The business went on to say that this is its second partnership of this kind with the Gujarati government. Prior to this, Wardwizard spent Rs 650 crore and inked an MoU worth Rs 500 crore with the state government. This time around, the company hopes to see investments of at least Rs 2,000 crore. 

Wardwizard primarily works in the electric two- and three-wheeler markets and is better known for its electric two-wheeler brand, Joy e-bike. Although the firm has not disclosed its future intentions, expect to see additional high-speed e-scooters from them in addition to their commercial products.