Second geared scooters were unveiled by LML, a 4-stroke version of its NV brand of scooters in select market of Delhi and Ghaziabad. Available in two variants, LML claims the 150 cc scooter delivers a fuel efficiency of 55 km/litre. It is available at an ex-showroom price of Rs 39,897 for the base version and Rs 40,800 for the deluxe variant in Delhi.

LML currently has a limited presence in the domestic market and sells 1,500 units of its two-stroke scooter under the Vespa brand in Delhi, parts of Punjab and Haryana, every month. Operating under the Board for Industrial and Financial Reconstruction (BIFR), it is looking to expand its market to Uttar Pradesh, Bihar and Assam.

Bulk of its total production of 5,000 units per month are exported to Italy, UK, France, Nigeria, Sudan, Japan, Australia, South Korea and Egypt, under the Stella brand. LML has an installed capacity of 300,000 scooters and 240,000 motorcycles. The company has totally stopped motorcycle production.

(Source) Economic Times

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