Wardwizard Innovations signs MoU with of Gujarat government.
Auto Business News-October 26, 2023--Wardwizard Innovations signs MoU with of Gujarat government
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Auto Business News - 26 October 2023
Wardwizard Innovations & Mobility, a company that manufactures electric vehicles under the 'Joy e-bike' brand in India, has entered into a Memorandum of Understanding (MoU) with the Government of Gujarat to invest INR20bn for developing an EV Ancillary Cluster by 2024.
This MoU has been signed as a part of the Vibrant Gujarat Global Suchmmit 2024 in Gandhinagar.
According to the contract, Wardwizard is to invest INR20bn for various critical areas including research and development of electric two and three-wheelers, the setting up of motor assembly at Vadodara's facility, Li-ion Cell production, and the development of...
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