Hero Eco buys Ultra Motors

Hero Eco has acquired UK-based Ultra Motors with an aim to strengthen its presence globally in the electric vehicle segment, said Hero Eco Managing Director Naveen Munjal.

“Hero Eco has acquired Ultra Motors in UK. This will give us an exposure to all the markets where Ultra Motors were present and will strengthen Hero's brand globally,” Naveen Munjal told reporters here.

“Ultra Motors has 3 plants and is present in 6 countries with sales networks in 22 nations across the globe. This all will come under Hero Eco now,” Munjal said.

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