Hero-Ultra to launch electric scooter in IndiaHero Cycles is planning to launch electric scooter in joint venture with its UK based partner Ultra Motors to address the growing market for such vehicles in India.
Apnaloan.com Research Bureau
11 Oct 2007
Hero Cycles plans to launch electric scooters with
its UK-based partner Ultra Motors to address the growing market for such
vehicles in India.
These are likely to be high-powered scooters with a maximum speed of 100 km/hr from its current maximum of 70 km/hr. at the launch of its two scooters on Wednesday in New Delhi.
Further, India would be the first country where Ultra Motors would launch its hybrid three-wheeler that would be operated on battery with a CNG or diesel variant. The company introduced two electric scooters- Velociti and Optima - priced at Rs 29,000 and Rs 34,000 respectively.
The joint venture company, Hero-Ultra, which is likely to come into effect from January 2008 would launch three e-scooters in the coming six months.