LML recently announced its return to the Indian automotive market by venturing into the electric mobility space.
According to a report by RushLane on Sunday, Saera’s state-of-the-art manufacturing facility in Bawal, Haryana will be used to manufacture the upcoming LML electric vehicle.
The facility covers an area of 217,800 square feet and has a production capacity of 18,000 units per month.
LML or Lohia Machines Limited has also changed its name to LML Electric and plans to make electric scooters for the upper middle class and urban segments of society.
This suggests that the company may be planning to compete with Ather and Ola Electric. It’s been reported that the company might also launch a battery-powered bike.
LML CEO Yogesh Bhatia revealed that LML aims to transition to being 100 percent make-in-India in the coming years and has plans to invest approximately USD 134 million in the next five years to achieve this vision.
If all goes according to the company’s plans, the first scooter from LML Electric is expected to be launched soon.
The competition in the Indian electric scooter market seems to be increasing day by day, with more and more companies announcing their entry into the two-wheeled electric vehicle segment.