Why is LML company closed?

The bankers have rejected a resolution plan for the scooter maker after the top bidder Rimjhim Ispat offered about Rs 100 crore less than the liquidation value for the mothballed company. NCLT Allahabad Bench has ordered the liquidation of LML in March 2018.

Are LML scooters still made?

By all accounts they were closed longer than anticipated and have only recently re-opened. However, since then full scooter production has not yet restarted. LML Supremo, their take on the Vespa Cosa.

Will LML come back?

Rest assured, the company explained, LML will return to India with a “disruptive product”. Dr Yogesh Bhatia, MD and CEO, LML Electric, said, “We’re extremely excited to make a significant comeback.

Why did LML Vespa fail in India?

Its simple and subtle design failed to impress the spectators and was discontinued due to unwanted sales graph. This Indian two-wheeler maker has always faced difficulty in pitching its products in the Indian market. The company’s 150.8 cc motorcycle, LML Graptor became a complete failure.

Can I sell LML shares?

LML is trading in the lower range of yearly prices. LML is trading in the lower range of the quarterly prices. The NSE share LML Lml appears to be moving downwards constantly….Lml LML share price targets.

Who makes LML Star 125?

Piaggio
Sitting alongside traditional two-stroke manual scooters and their four-stroke Vespa PX lookalike is this all-new automatic LML star. Being auto is nothing ground-breaking but an auto engine in a traditional shaped chassis is and it’s something Piaggio, the company behind Vespa are probably kicking themselves over.

Is the LML same as a Vespa?

In 1986, LML began a joint venture with scooter manufacturer Piaggio, through which the Italian company sold its Vespa PX model to the Indian market. An upgraded version of this scooter was called the LML Select 2. Production of the LML NV and LML Select 2 ended in 2004.

Is LML a Vespa?

Is a LML scooter a Vespa?