digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

For other uses, see LML (disambiguation).
LML
Traded as BSE500255, NSELML
Industry Automotive
Predecessors Lohia Machines Limited
Founded 1972
Headquarters Kanpur, Uttar Pradesh, India
Key people Deepak Singhania (Chairman & Managing Director)
K K Shangloo Director
Products Scooters, motorcycles
Revenue INR264 crore (US$43 million) 2009–2011
Operating income loss
Net income loss
Website www.lmlworld.com/Home.aspx

LML (formerly Lohia Machines Ltd) is an Indian scooter and motorcycle manufacturer based in Kanpur, Uttar Pradesh.

History and overview[edit]

Incorporated as Lohia Machines Private Limited in 1972, the company was engaged in manufacture of synthetic yarn manufacturing machines in technical collaboration with ARCT,[clarification needed] France. In 1978, it became a public limited company and diversified into processing synthetic yarn.

In 1984 a technical collaboration agreement was signed with Piaggio of Italy and a scooter project was set up. The relationship with Piaggio was redefined to that of a partner in 1990, both partners having equal equity participation of 23.6% each.

The LML Select was launched in 1993, with new age technology and aesthetics, and became an instant success. LML's joint venture with Piaggio ended in 1999.

LML continued to manufacture the Star, a classically styled steel-bodied scooter with twist-shift 4-speed manual transmission and a 150cc two-stroke engine.

Some of these were distributed in the United States as the Stella and in the UK as A.K. International (AKII). AKII's Aura LML & A.K. International (I&E) Ltd was appointed the sole distributor for UK In 2008. Star Deluxe was re-introduced to the U.K. market by AKII (I&E) Ltd, with the Via Toscana as the Euro 3 emissions compliant model.

Again in 1999, an agreement was signed with Daelim Motor Company of South Korea to manufacture four-stroke motorcycles. In 2000 the company was recognized by the Indian Ministry of Science and Technology for remarkable success in introducing new models/upgrades of scooters in the market with more fuel-efficient engines, new electrical systems, latest emission norms, upgraded technology, better styling etc., and that year entered the motorcycle market with upper end lifestyle bikes in 100 cc, using three-valve technology.

Freedom LML's first deluxe commuter motorcycle in 110 cc was launched in 2002, next year Spirit of Freedom (range expansion through colours) was launched. In 2004,LML introduced LML Graptor, marking its entry into the 150 cc lifestyle segment. It was the first indigenously designed bike from Ugolini of Italy. 2004 marked LML's transition from a single product company to a multi-product two-wheeler company with three simultaneous launches: the LML Graptor (150 cc), the LML Freedom Prima (110 cc) and LML Freedom Prima (125 cc).

Owing to excesses and over-spending, the company has been under financial constraints ever since its foray into bi-wheeler manufacturing, with dividend being declared only twice to its shareholders in spite of contemporary bi-wheeler manufacturers like TVS, HERO HONDA AND BAJAJ AUTO not only growing multifold but also enhancing shareholders' worth. Even new entrants into the scooter market like HONDA MOTORCYCLE & SCOOTERS have achieved volumes of 50,000 units per month, which LML could never achieve with its full range of Scooters and motor-cycles.[citation needed] The bankruptcy has dealt a severe blow to SSI units in Kanpur, who were engaged in feeding critical and propriety items to LML since early 1980s, with many closing down or facing huge financial burden on themselves. The workmen and staff of LML and vendor SSI Units, who have been out of work since Feb 2006 are also finding it extremely difficult to make both ends meet and to even feed their dependents.[citation needed]

New finance has been[when?] obtained from Credit Suisse and other institutions and the factory reopened on March 8, 2008 to manufacture geared Vespa style scooters, primarily for export. In the year 2008, LML appointed K K Shangloo as Special Director on the Board of Company under the provisions of Sick Industrial Companies (Special Provisions) Act, 1985.[1]

In the year 2010, LML launched LML Freedom DX, a 110 cc bike in the Sport category.

References[edit]

  1. ^ "Company History - LML Ltd". Retrieved 19 Aug 2012. 

External links[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Lohia_Machinery_Limited — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.

37 news items

 
MotorcycleUSA.com
Tue, 27 May 2014 15:09:23 -0700

Luckily, Stella's supplier, LML (that's Lohia Machinery, Limited of India) has been working on this problem, developing its innovative Star Automatic model for domestic and overseas markets. Although the classic Vespa PX chassis looks pretty much the ...

Rush Lane

Rush Lane
Wed, 21 May 2014 09:52:30 -0700

Yeah, the scooter in question is an old LML, which is actually named after Lohia Machinery Limited; made in India. So what he did was remove its rear (driven) wheel and replace it with a pulley to drive a rope that pulls stuffs from top. No the scooter ...

Independent Online

Independent Online
Sun, 17 Nov 2013 21:55:09 -0800

Lohia Machinery Limited, originally a textile machinery manufacturer, got into scooters in 1984 by way of a technical collaboration agreement with Piaggio of Italy, to build a clone of the iconic two-stroke Vespa PX for third-world markets. After that ...

Vicky blog (blog)

Vicky blog (blog)
Thu, 20 Feb 2014 04:17:35 -0800

LML (Lohia Machinery Limited), the UP based manufacturer has launched its Star Euro 150. It is the first automatic scooter from LML for the country. The Star Euro 150 gets retro styling design and it measures 1760 mm in length, 695 mm in width and 820 ...

Indian Autos Blog (blog)

Indian Autos Blog (blog)
Fri, 12 Apr 2013 21:41:41 -0700

LML (Lohia Machinery Limited), a long forgotten two wheeler maker who is famous for the LML Vespa scooter before the millennium is staging a comeback. LML Freedom LML star. After parting ways with Piaggio Vespa, the Kanpur based firm hadn't had a ...
 
Indian Cars Bikes (blog)
Sat, 28 Aug 2010 09:59:31 -0700

When Indian market was shifting the 2 wheeler culture from scooters to bikes, the Italian brand Piaggio lost it's market and had to withdraw the scooter business. This time they are coming back to launch a new scooter of 125cc, which will be gear less ...
 
Rediff
Thu, 26 Aug 2010 01:05:25 -0700

Vespa was earlier sold as LML Vespa in partnership with Kanpur-based Lohia Machinery Limited (LML). Talking about the commercial business, Chopra said the company will launch a 0.5 tonne small truck in the next two- three weeks' time. The company ...
 
Motoroids (blog)
Fri, 12 Apr 2013 04:00:30 -0700

It has emerged that Uttar Pradesh based two wheelers manufacturer Lohia Machinery Limited aka LML, which once enjoyed a considerable popularity in Indian two wheelers market, plans to foray into Maharashtra and Gujarat. LML will enter these markets ...
Loading

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight