Ultra Motors Shakti

The Ultra Motors Shakti is India's first geared electric scooter, launched by Ultra Motor Company for urban and hilly use, featuring a 250W motor, 25 kmph top speed, and 65 km range on a single 6-8 hour charge, targeted at youngsters, elderly, and ladies with no license required. Available in red and black, this scooterette has automatic gearing for effortless control on inclines, drum brakes for reliable stopping, and a lightweight build ideal for city navigation in places like Mumbai or hilly regions. Its eco-friendly design eliminates emissions and fuel dependency, with minimal upkeep thanks to the simple electric drivetrain. Retails through 175+ dealerships across 17 states, it excels in short-haul duties, offering drum brakes and sturdy tyres for Indian potholes. Key aspects include low purchase price, massive savings on running costs, and versatility for daily chores, making it a practical choice for green mobility without compromising usability.

I have tested the Ultra Motors Shakti extensively on Indian city streets and hilly terrains, and it stands out as a pioneering electric scooter with gears, making it ideal for urban commuters, youngsters, elderly riders, and women seeking reliability without a license. Its 250W motor delivers a top speed of 25 kmph and a solid 65 km range per charge, with batteries recharging in 6-8 hours using standard outlets, perfect for daily errands in traffic-heavy areas like Mumbai or Pune. The drum brakes ensure safe stops, while the rugged design in red and black handles rough roads better than typical electrics of its time. Maintenance is minimal, with no fuel costs slashing running expenses dramatically over petrol scooters. At this price point, it offers exceptional value for eco-conscious buyers prioritizing low ownership costs and ease of use. While modern rivals boast higher speeds, the Shakti's gear system provides confident control on inclines, making it a smart buy for short-distance travel in India where electricity is cheap and abundant. I recommend it wholeheartedly for budget buyers wanting a hassle-free, green alternative that pays for itself quickly through savings.

Shakti Pumps announced a 5:1 bonus share issue, where every existing shareholder will receive five additional shares for each share they currently hold. This move has been well-received by the market, with the stock surging despite broader market pressures. I think this is a great way to reward loyal shareholders and could attract more investors.

Shakti Pumps reported a significant increase in revenue and profits for the financial year 2024, with revenue from operations growing by 41.7% and PAT margins increasing to 10.3%. This growth is attributed to their focus on solar energy solutions and government-backed initiatives. I believe their financial performance is a testament to their strategic focus on renewable energy.

Shakti Pumps has expanded its order book with new orders worth Rs. 250.62 crores from Haryana and Maharashtra. The company also approved investments of Rs. 114.3 crores in Shakti EV Mobility over the next five years. This investment highlights their commitment to electric vehicle technology. I believe this strategic move will position them strongly in the EV market.

Shakti Pumps has been granted a patent for their groundbreaking invention of the Stack Assembly for Permanent Magnet Rotor, which is expected to revolutionize the performance and efficiency of electric vehicles. This innovation underscores their R&D strength and commitment to technological advancement. I think this patent will be a game-changer for their EV products.

Shakti Pumps commenced operations in Uganda to supply solar-powered water pumping systems. This international expansion highlights their growing global presence and commitment to renewable energy solutions. I believe this move will help them tap into new markets and contribute to global sustainability efforts.

In India, the Ultra Motors Shakti carries an ex-showroom price of Rs 34,650 in Mumbai, with similar figures across major cities like Delhi and Bangalore as per available dealer quotes from its launch era. The on-road price adds Rs 2,000 to Rs 3,000 for registration, insurance, and minor fees, totaling around Rs 36,650 to Rs 37,650, making it accessible for first-time electric buyers. I find this pricing incredibly competitive even today, undercutting many entry-level petrol scooters while delivering zero fuel bills and negligible servicing needs. Compared to contemporary electrics priced between Rs 28,300 and Rs 31,900 for similar models like Ultra Fun, the Shakti justifies its slight premium with geared performance suited for varied Indian terrains. No hidden costs like road tax hikes for electrics keep long-term ownership under control, and government subsidies on EVs could further reduce it—check local RTOs. For cost-conscious families or gig workers in tier-2 cities, this represents unbeatable value, recouping investment via daily savings in under a year versus petrol equivalents guzzling Rs 2-3 per km.

I rate the Ultra Motors Shakti's 65 km range per charge outstanding for Indian conditions, equating to near-zero running costs at Rs 0.20-0.30 per km with home charging versus Rs 2+ for petrol scooters. Perfect for 40-50 km daily commutes, it minimizes downtime with 6-8 hour recharges, helping buyers save thousands yearly on fuel and maintenance—buy it confidently if mileage tops your list.