UK''s Ultra Motor - Hero Cycles to sell electric bikes through Reliance retail outlets
13 Sep 2007
Ahmedabad:
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.
Reliance Retail is exclusively manage the sales of ''Ultra Powered'' light electric vehicles (LEVs).
Distributing 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.
E-bikes are priced between Rs14,300 and Rs19,500, while e-scooters range from Rs22,500 to Rs28,000.
The
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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