- LML Electric is backed by large investments
- Aims to target the upper-middle and urban buyers
- Launch details unavailable yet
LML has announced its plans to venture into the electric two-wheeler space of the Indian market very soon. The company said in a press statement it is backed up by large investments with an investing partner.
The management is said to have got the proposal from various technology companies to introduce LML in the electric vehicle market. Speaking about the plans to venture into electric vehicle space, Dr. Yogesh Bhatia, MD & CEO, LML Electric, said that the company is actively working on the product development strategies in order to introduce an innovative product equipped with the best of technology. The brand aims to target the buyers in the upper-middle and urban segments of society.
While the company has announced its plans to venture into the electric vehicle space, it is yet to announce a timeline regarding the unveiling of its products. We expect to hear more details about the company’s plans in the coming months.
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