Wardwizard Innovations to form joint venture in Saudi; share price rises 6%

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Wardwizard Innovations to form joint venture in Saudi; share price rises 6% - Business Standard

Quick Summary:

The JV is aimed at establishing an assembly plant and an EV cell plant in the kingdom of Saudi Arabia (KSA).

As the first EV manufacturer listed on the Bombay Stock Exchange (BSE), the company is dedicated to capitalising on the burgeoning growth potential of the Indian EV market to drive future progress.

These contributions are expected to strengthen the joint venture’s position in the growing EV market and support Saudi Arabia’s transition towards an environmentally friendly transportation ecosystem,” the company said.