Mr Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility Ltd, said, “We wholeheartedly welcome the Cabinet’s approval of the PM E-DRIVE Scheme. With an ambitious allocation of Rs 10,900 crore, this landmark initiative represents a pivotal moment in the evolution of India’s electric mobility landscape, directly benefiting end-consumers and strengthening the broader EV ecosystem. We are particularly encouraged by the Government’s support for the adoption of 24.79 lakh e-two-wheelers (2Ws) and 3.16 lakh e-three-wheelers (3Ws), both critical to last-mile connectivity and sustainable urban transport. The decision to allocate Rs 2,000 crore towards bolstering charging infrastructure, including 48,400 fast charging stations for the 2W and 3W segment, is a testament to the Government’s commitment to alleviating customers’ anxiety and fostering confidence in EV adoption. These comprehensive measures will not only accelerate the growth of the EV market but also open up new avenues for innovation and opportunity, particularly with incentives for electric commercial vehicles, trucks, and buses. By empowering citizens and supporting cleaner, safer, and more efficient modes of transport, this progressive step will drive India towards self-reliance and a greener future. At Wardwizard, we applaud the Government’s visionary approach and reaffirm our unwavering commitment to contributing to the nation’s mission of sustainable and SAFE mobility.”

About WardWizard Innovations & Mobility Limited

WardWizard Innovations & Mobility Ltd is a leading auto manufacturing company in the EV segment under the brand name Joy E-Bike. Being the first listed entity on BSE in Electric. Vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment to provide clean and greener alternatives to the existing usage of mobility, aligned with its philosophy of driving a positive change. Through Joy E-Bikes, the Company has been providing a greener alternative to traditional fuel-driven bikes. It has footprints in more than 55 major cities across India and aspires to boost this number throughout the country.