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WardWizard Innovations & Mobility acquires four million sq ft of land

Monday, 24 Jan 2022
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WardWizard Innovations and Mobility jointly with its promoters and promoters’ group has acquired four million sq ft of land.

The land has been acquired with possession via memorandum of understanding (MoU) and agreement for sale in Vadodara for the development of electric vehicle ancillary project as a part of MoU inked with the government of Gujarat in December 2021 for Rs 500 crore.

The project aims to provide a unique solution to localize and strengthen the supply chain of raw materials for EV manufacturing.

The development of the EV ancillary cluster will begin from the month of February 2022 in a phased manner. The ancillary will foster the growth ofthe EV industry with the manufacturing of essential components like, electric-motor, chassis, steel parts, lithium-ion cell manufacturing unit, lithium-ion battery assembly unit, chargers, controllers, R&D centre, production for electronic components, etc.

Considering the size of the ancillary, it is expected to generate additional more 6,000 jobs in the state.

The land will also be utilized for the production of high-speed electric two-wheelers, electric three-wheelers (passenger segment), and R&D of electric four-wheeler as well as other future projects.

As per the concept, the manufacturing partners will be invited to set up their production units for developing ancillaries under one roof to manufacture essential components.
WardWizard will provide assistance from manufacturing the products to maintaining a supply-chain process.

WardWizard will be supporting them by providing ultra-modern facilities including land, human resource and other essential resources.

 
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