UK-based Ultra Motor Company has announced the signing a distribution agreement
with Reliance Retail to market its electric battery-powered two-wheelers, which
were launched recently in association with Indian partner Hero Cycles Ltd.
Retail is exclusively manage the sales of ''Ultra Powered'' light electric vehicles
its offering through Reliance Retail will allow Ultra Motor to go beyond traditional
dealer outlets, foraying into organised retail. The collaboration with Hero Cycles
will assist the company to provide after-sales service and marketing.
Motor''s product range comprises seven models of LEVs, which includes electric
bicycles and scooters co-branded as "Hero Electric" and driven by "Ultra
are priced between Rs14,300 and Rs19,500, while e-scooters range from Rs22,500
company claims that the LEVs run at a tenth of the running cost of a conventional
petrol vehicle, and have maintenance costs 30 per cent lower than a conventional
motorcycle. Depending on the model, an Ultra Powered LEV can travel between 45
km and 70 km on a single charge.
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reports on Hero Honda