LML to resume production in 2 months

LML will take about two months to start production and it's planning to manufacture two-wheelers and autorickshaws. It will undertake these projects without collaboration.

This move has come after the company failed to get a collaborator even after trying for 10 months. The discussions held with parties did not materialise.

RK Srivastava, vice-president of the company, told Business Standard there was no collaborator at this moment.

"We decided to start the factory on our own. We have large export orders for two-wheelers. We propose to make two-wheelers, 150-cc, NV model, an old model of ours, for export only. Once we start production, we will be the only producer of this model in the world," said Srivastava.

He said Honda's product was different for LML's.

"The initial plan is to make about 10,000 scooters a month, for which we have export orders. We do not plan to make motor cycles now," he said.

He said, "Another product is autorickshaws, the three-wheeler, which Bajaj Auto makes. We are not going to make Tempo, either of Vikram or JSA type. Work has started on the autorickshaw project and will take some time. A mock-up is being prepared."

"We made autorickshaws in 1994-95 when the Vespa Car Company Ltd plant at Rae Bareilly was under production," he said.

On investment, he said these were being worked out and he was not aware of the financial plans or of the working capital requirements.