Based in Kanpur, one of the highly acknowledged homegrown two-wheeler manufacturers, LML announces its comeback with an extensive plan to foray into India’s EV two-wheeler sector. The company that operates mainly in the motorized domain is laying the groundwork to re-appear in the market with a different set of opportunities to leverage. The brand is backed up by large investments with an investing partner. The traditionally grown brand holds a history of achieving different milestones and has been well-recognized across generations.
As per the sources, the management has got the proposal from various technology companies to introduce LML in the EV market. All set to introduce a disruptive product, LML electric is eager to reignite the light of its old establishment with a bang!
Sharing his thoughts on the same, Dr. Yogesh Bhatia, MD & CEO, LML Electric said, “We’re extremely excited to make a significant comeback. We are actively working on the product development strategies in order to introduce a highly innovative product equipped with the best of technology to enable & strengthen the urban mobility space. We would like to empower the upper-middle and urban segments of society with our range of premium products to drive the change.”
Incorporated in 1972, LML is one of India’s most popular two-wheeler manufacturers. It became an instant success with new-age technology. The brand is based out of Kanpur, UP, and operates in one segment namely motorized two-wheelers. They offered scooters motorcycles and mopeds as well as spares and accessories. Previously, in the year 1983, the company commenced production of 100 cc scooters in technical collaboration with Piaggio Vespa Italy and entered into several licensing agreements. The brand entered the motor market with a budget of 10 lakhs and has showcased tremendous growth over the period of many years and undergone various expansion vehicle projects.