LML unveils 150 cc bike
AUTO EXPO 2004
| "It will lead to a paradigm shift in the lifestyle category, just like LML Freedom did in the deluxe commuter segment," LML Managing Director Deepak Singhania said at the launch. |
| The motorcycle is likely to hit the market in the next few months. Singhania said he hoped to sell at least 60,000 Graptors within an year of its launch. |
| Though he refused to disclose the price of the motorcycle, LML officials indicated that it would be priced at par with the Bajaj Pulsar. |
| The company has used Daelim technology to develop the Graptor's engine. Graptor, the design of which is Italian, has a rectangular frame based on extruded steel technology for better vehicle stability and rigidity. It has a sculpted fuel tank with sharp front and rear-end styling. |
| With Freedom and Graptor in its stables, Singhania said that the company would close the current financial year (October 2003-September 2004) with motorcycle sales of 280,000 and scooter sales of 40,000. |
| He added that LML would add more motorcycles to its portfolio during the current year and launch gearless scooters in 2005. |
| The higher sales during the year are expected to improve the company's fortunes. "We also hope to do a turnaround this year," Singhania added. |
| The company will invest Rs 245 crore in two phases to raise the company's production capacity from 200,000 annually to 600,000. |