Street legal mopeds
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According to him, Ultra Motor India will be investing around Rs.1.40 billion over the next three years in marketing and development of new products.
The company is in the process of designing a new model in Germany for the Indian market.
Targetting 45,000 units sale this year, Ultra Motor is pitching to convert prospective buyers of traditional scooters and mopeds to battery powered bikes.
'Around 600,000 two wheelers are sold every month in India. In fiscal 2007-08, 7.2 million vehicles were sold of which scooters accounted for 1.05 million and mopeds 410,000,' the company's marketing director Deba Ghoshal said.
According to him, the sales of scooters and mopeds are on the rise.
'We hope 9 per cent of scooter/moped buyers will opt for electric bikes,' he said.
The company's new model Marathon will deliver a range of up to 100km per charge and is targeted at youth (24 plus) riding a petrol scooter or a moped and also bicycle riders who want to upgrade.
According to Mahalingam, the company imports the motors, controllers, batteries and plastic body panels from Taipei and China
By Megan Strader (HUTCHINSON Kan.)
63 year-old Hayden Hitchcock was charged for felony DUI on Monday in Reno County District Court. Hitchcock has ten prior convictions dating back to 1984.
The most recent case stems from an incident in June when he hit a car with his moped. He was also still on parole from when he ran into some gas station gas pumps in December of 2006.
His next scheduled appearence will be on October 1st for a status conference with prosecutors.
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