The company plans to introduce a new product in the Indian market. By investing with a partner to have a new technology base.
LML has already started to work on proposal with various technology companies. To introduce LML in the electric two-wheeler market.
While the electric two-wheeler market in the country is yet to take off.LML is hard at work on product development to introduce a ‘Made in India’ product.
The company is now planning to source from vendors from abroad. And its existing vendors to have a ‘Made in India’ development that will follow all prescribed norms of the government.
In his statement Dr Yogesh Bhatia, MD & CEO, LML Electric, said. ” LML has been developing a new product that can introduce into the Indian two-wheeler market at an attractive price”.
LML will now join the league of other established automobile manufacturers. Who plan to enter the electrified vehicle space.
The government programme has launched to promote electric vehicles in India through subsidies and support schemes.
However, we are still unsure abou the timelines about when LML plans to launch these vehicles.
