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December 29, 2006
LML to resume production in 2 months
LML, the Indian manufacturer of scooters sold under the Genuine Stella brand in the U.S., is planning to start production within two months and will manufacture two-wheelers and autorickshaws. It will undertake these projects without collaboration.
This move has come after the company failed to get a partner even after trying for 10 months. The discussions held with parties did not materialise.
Elaborating the production plans RK Srivastava, vice-president of the company, said, ``We decided to start the factory on our own. We have large export orders for two-wheelers. We propose to make two-wheelers, 150-cc, NV model, an old model of ours, for export only. Once we start production, we will be the only producer of this model in the world. The initial plan is to make about 10,000 scooters a month, for which we have export orders. We do not plan to make motor cycles now``.
Srivastava further added ``Another product is autorickshaws, the three-wheeler, which Bajaj Auto makes. We are not going to make Tempo, either of Vikram or JSA type. Work has started on the autorickshaw project and will take some time. A mock-up is being prepared. We made autorickshaws in 1994-95 when the Vespa Car company plant at Rae Bareilly was under production."
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Posted by Frank at December 29, 2006 1:32 AM
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