Ultra Motor Company, a leading electric cycle and electric scooter manufacturer, has finally launched its much awaited low speed scooter `Marathon Lite' in the Indian market.

The latest revealed vehicle comes with exciting new features like a 250w motor and 48V/20AH power packed battery, Magnetic Anti Theft Lock System, Spacious under seat storage option, Front Telescopic Suspension in Black, Yellow & Blue colour variants.

The latest scooter gives a maximum speed of 25 km per hour and covers a distance of 70 km with single charge. The company has fixed price tag of Rs. 25,850/- .

Ashok Minda Group, Country’s leading auto component manufacturer, has plans to set up a new manufacturing facility in Uzbekistan with an initial investment of $25 million.

Sources reported that the raw material for the proposed Uzbekistan plant would be shipped from India to control input costs as key inputs like steel and plastic cost, which is available lower cost in India compared to abroad.

Herzogenaurach, Germany  - A French car parts factory is to close with a loss of 195 jobs, the owner, German automotive parts company Schaeffler, said Thursday at its offices in Herzogenaurach.

The site at St. Simeon de Bressieux, near the south-eastern city of Grenoble, makes timing chains for engines.

London - The British government said Thursday it will offer cash incentives to motorists who buy electric cars.

Under measures due to come into force in 2011 drivers will receive a subsidy of between 2,000 to 5,000 pounds (7,500 dollars) if they switch to electric vehicles.

The green scheme, expected to cost 250 million pounds, is designed to help the environment and inject life into Britain's struggling car industry.

Electric cars will soon be a "real option" for motorists, Transport Minister Geoff Hoon said in announcing the plans.

According to Business Standard's Wednesday report, expansion is on the cards for HMSI - Honda Motorcycle and Scooter India. The 100 per cent subsidiary of the Japanese Honda Motor Corporation, the HMSI intends spending Rs 300 crore in the next three-year period.