LML, which was once a household name in the Indian two-wheeler market, recently announced its comeback in the Indian market by venturing into the electric mobility space. Now, the company has formed a strategic partnership with Saera Electric Auto which previously manufactured Harley Davidson motorcycles in India.
As per a report by RushLane, Saera’s state-of-the-art manufacturing facility in Bawal, Haryana will be used to produce the upcoming LML electric vehicles. This facility spans 217,800 square feet and has a production capacity of 18,000 units per month.
LML or Lohia Machines Limited has also been rebranded to LML Electric and is planning to make electric scooters for the upper-middle and urban segments of the society. This indicates that the company might be planning to compete against Ather and Ola Electric. It has also been reported that the company might launch battery-powered bikes as well.
LML CEO Dr. Yogesh Bhatia has also revealed that LML is aiming to transition into a 100 percent make-in-India in the coming years and has plans to invest Rs. 1000 crore ($134 million) in the next 5 years to achieve this vision. If everything goes as per what the company is planning, the first scooter from LML Electric is expected to roll out soon.
Competition in the Indian electric scooter market seems to be increasing by the day, with more and more companies announcing their entry into the two-wheeler EV segment. However, the variety of EVs available is just one side of the coin, as the infrastructure needed for widespread adoption still has a long way to go.
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