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Ultra Motor, Okaya Power sign network sharing pact
Press Trust of India / New Delhi Nov 01, 2009, 15:21 IST

Electric vehicle maker Ultra Motor Company has entered into a distribution network sharing tie up with battery manufacturer Okaya Power to enhance reach across the country.

Under the agreement, Ultra Motors and Okaya will retail each other's products through 450 retail exclusive outlets, Ultra Motor Co (UMC) said in  statement.

UMC has the choice to utilise Okaya's existing network, which currently stands at 9,000 outlets, it added.

"This partnership is a major step towards strengthening the electric vehicle and renewable energy business," the statement said.

Currently, UMC sells its electric scooters through 180 outlets.

While UMC sells two models of electric scooters, Ultra Fun and Ultra Shakti, Okaya is known for its Microtek brand of inverter batteries.

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