LML Electric has announced a partnership with Saera Electric Auto for the launch of its electric scooter in the market. The Bawal, Haryana plant of the company is spread across 2 lakh 17 thousand with the capacity to produce 18 thousand units every month.
LML is once again planning to enter the two-wheeler market with its electric scooters. LML is planning to give tough competition to Ola and Ather with launching its electric vehicles. The electric vehicle market is seeing continuous growth with the major auto companies launching their own series of electric scooters and cars.
Ola and Ather have already launched vehicles in the electric scooter segment. LML will have to face tough competition in the market. It will not be easy to compete with already established companies in the market. Founded in 1979, LML once was among the most popular two-wheeler manufacturers in India.