Remember LML? Kanpur-based company to launch e-scooter, will rival Ola Electric
Remember LML scooters and motorcycles from that used to rule the roads between the 1980s and 2000s? The brand is gearing up for a comeback. This time, the Kanpur-based company is planning to bring electric scooters that would compete with recently introduced Ola Electric's S1 and S1 Pro scooters among others.
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Mint reports that LML is currently laying the groundwork to re-enter the Indian two-wheeler market. For this project, LML Electric is claimed to have received large investments. However, details of the investment and upcoming electric scooters are yet to be revealed.
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The company also claims that it will bring a disruptive product to the market. Yogesh Bhatia, MD & CEO, LML Electric said that the company is 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," Bhatia further added,
In the last few years, several startups have launched their products in the fast-growing electric two-wheeler space in India. Some of the conventional two-wheeler manufacturers too introduced their products. The majority of these products are focused on urban young riders.
The electric two-wheelers have found a lot of takers already. The number of these electric two-wheelers are increasing fast across the country. Factors such as the sky-high price of petrol and diesel, increasing demands for personal mobility, a wide range of subsidies and incentives offered by the government are fuelling the growth.
Manufacturers such as Ather, Revolt, Ola Electric have been focusing on premium products with a host of features, generous performance. LML Electric too claims that it will bring an electric scooter that will focus on upper-middle and urban segments of society with a premium product range.
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