->Tartanperil at 05:17, 6 October 2021

2021-10-06T05:17:10Z

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{{Other uses|LML (disambiguation)}}
{{More citations needed|date=April 2008}}
{{Use dmy dates|date=January 2019}}
{{Use Indian English|date=January 2019}}
{{Infobox company
| name = LML
| logo = LML Logo.svg
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{BSE|500255}}|{{NSE|LML}}}}
| fate = Insolvent as of 2017
| predecessor = Lohia Machines Ltd
| founded = {{Start date and age|1972}}
| defunct = 2017
| location_city = [[Kanpur]], [[Uttar Pradesh]]
| location_country = [[India]]
| key_people = {{Unbulleted list|Deepak Singhania {{Small|([[Chairman]] & [[Managing Director]])}}|K K Shangloo {{Small|[[Director (business)|Director]]}}}}
| industry = [[Motorcycle]]
| products = [[Scooter (motorcycle)|Scooters]], [[motorcycle]]s
| revenue = {{INRConvert|264|c}} 2009–2011
| operating_income =
| net_income =
| homepage = {{URL|http://www.lohiagroup.com/|lohiagroup.com}}
}}

'''LML''' (formerly '''Lohia Machines Ltd''') is a defunct Indian [[Scooter (motorcycle)|scooter]] and motorcycle [[Manufacturing|manufacturer]] formerly based in [[Kanpur]], [[Uttar Pradesh]].

==History and overview==
Incorporated as Lohia Machines [[Private limited company|Private Limited]] in 1972, the company was engaged in manufacture of [[Synthetic fiber|synthetic yarn]] manufacturing machines in technical collaboration with ARCT,{{Clarify|date=July 2010}} 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 (motorcycle)|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 United States as the [[Stella (scooter)|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.

LML also produced the Trendy 50 cc (1998-2006), formerly known as Benelli Scooty (1993), a derivation from 1981 Benelli S50. That little scooter had no parts in common with Piaggio, being a Benelli project (engine included).

Again in 1999, an agreement was signed with [[Daelim Motor Company]] of [[South Korea]] to manufacture [[Four-stroke-engine|four-stroke]] motorcycles. In 2000 the company was recognized by the [[Ministry of Science and Technology (India)|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 [[Multi-valve|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 Motor Company|TVS]], [[Hero MotoCorp|Hero]] and [[Bajaj Auto]] not only growing multifold but also enhancing shareholders' worth. Even new entrants into the scooter market like [[Honda]] and [[Suzuki]] 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|date=August 2012}} 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.

New finance were obtained from [[Credit Suisse]] July 2006 <ref>{{Cite web|url = http://indianauto.com/bikes1/lml/index.htm|title = LML|publisher = IndianAuto.com}}</ref> and other institutions and the factory reopened on 8 March 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.<ref name="ecn">{{cite web|title=Company History - LML Ltd |url=https://economictimes.indiatimes.com/lml-ltd/infocompanyhistory/companyid-13452.cms | newspaper=The Economic Times | access-date=13 January 2019}}</ref>

In the year 2009 LML launched the 4 stroke scooter which was identical to the 2 stroke counterpart, but had a different internal mechanism with 4 stroke engine.

In the year 2013, LML relaunched '''LML Freedom DX''', a 110 cc bike in the Commuter category.

In the year 2016, LML launched the Star 125 Lite automatic version on a small frame. It also launched the 150 cc variant of the automatic as Star Euro 150. Star Euro 200 a geared version of the four stroke was also launched.

Around 2016, LML launched its three wheeler the LML Buddy.

LML issued a notice of insolvency on 2 June 2017.<ref>{{cite web|title=LML scooter factory insolvency notice {{!}} NEWS - ScooterLab|url=https://www.scooterlab.uk/lml-scooter-factory-insolvency-notice-news/|website=ScooterLab|access-date=19 June 2017|date=12 June 2017}}</ref>

As of August 2020, the factory has been dismantled completely, spares, machines and scooters scrapped, toolings partly sold to SIP scooter shop of Germany.

===Electric re-launch===
In September, 2021, LML brand announced that they are re-entering in the two-wheeler segment by launching "LML Electric" scooter. ''[[Hindustan Times]]'' reported at the time of the scooter announcement that details of LML Electric's funding were "yet to be revealed".<ref>{{cite news|title=Remember LML? Kanpur-based company to launch e-scooter, will rival Ola Electric|date=September 8, 2021|website=HT Auto|publisher=[[Hindustan Times]]|url=https://auto.hindustantimes.com/auto/two-wheelers/remember-lml-kanpur-based-company-to-launch-e-scooter-will-rival-ola-electric-41631101711746.html}}</ref>

==See also==
* [[List of motor scooter manufacturers and brands]]

==References==
{{Reflist}}

==External links==
{{Commons category|Lohia Machinery Limited}}
* [https://web.archive.org/web/20131029192037/http://lmlglobal.in/Home LML global site] (archived)

{{Automotive industry in India}}{{Kanpur division topics}}

[[Category:Companies based in Kanpur]]
[[Category:Vehicle manufacturing companies established in 1972]]
[[Category:Scooter manufacturers]]
[[Category:Motorcycle manufacturers of India]]
[[Category:Indian brands]]
[[Category:Vehicle manufacturing companies disestablished in 2017]]
[[Category:Indian companies disestablished in 2017]]
[[Category:Indian companies established in 1972]]
[[Category:Economic history of Uttar Pradesh]]
[[Category:1972 establishments in Uttar Pradesh]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Lohia Machinery - Revision history

->Tartanperil at 05:17, 6 October 2021