Ola Electric to get new rival as LML announces comeback with a ‘disruptive product'
Monday, September 13, 2021 IST
Currently, LML Electric claims to be laying the groundwork to re-appear in the Indian market
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LML scooters were very popular in the Indian market, right from the 1980s to the early 2000s. The company made scooters, mopeds and even motorcycles. Now, the brand is planning a comeback in a hotly contested but relatively new product segment, electric scooters.
The Kanpur-based company is planning to make a comeback by entering the EV two-wheeler market. LML plans to enter the market with an extensive strategy for India’s EV two-wheeler sector.
Currently, the company claims to be laying the groundwork to re-appear in the market. According to a statement by the company, the brand is backed up by large investments with an investing partner. However, the specifics were not shared. LML electric is planning to introduce a disruptive product in order to make the most of its re-appearance in the Indian market.
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."
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