LML To Make A Comeback As An Electric Two-Wheeler

Lohia Machinery Limited – or LML, the popular yesteryear two-wheeler brand has announced its comeback in the Indian two-wheeler market.  The company is set to commence its second innings in the Indian market by foraying into the fast-growing electric two-wheeler space.As of now, LML has not revealed any product details or a specific timeline regarding the upcoming electric two-wheeler. However, the company did note that it will be a disruptive product and will be targeted at the upper-middle and urban segments of society.Commenting on this development, 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.”LML began operations in India in 1972 as a manufacturer of synthetic yarn. In the years that followed, LML tied up with Italian two-wheeler manufacturer Piaggio to produce its iconic Vespa under its own brand name, rivalling the likes of the original Bajaj Chetak. However, the company's association with Piaggio ended in 1999, and the company continued to manufacture its own range of scooters and motorcycles. The company had to file for insolvency in June 2017.