Ola Received its Competitor- Could be in a trouble for the Future?

Remember LML? Kanpur-based company to launch e-scooter will rival Ola Electric

As Electric scooters have been in the trend, many companies too opted to give the electric revolution a chance. Recently, we have been getting updated on the launch of Ola S1 and S1 Pro, since it getting huge limelight. Many consumers are seeing interested in buying electric scooters to save some extra money. Day by day petrol prices are getting increased and in this scenario having Electric scooters would be a blessing for Indian Markets. After the launch of the Ola scooter, the Kanpur-based company has started to plan the same, But with a different taste!

Remember LML scooters and motorcycles from that used to rule the roads between the 1980s and 2000s? The brand is gearing up for a comeback.

A report said, that LML is currently laying the groundwork to re-enter the Indian two-wheeler market. For this project, LML Electric is claimed to have received large investments. However, details of the investment and upcoming electric scooters are yet to be revealed.

The company also claims that it will bring a disruptive product to the market. Yogesh Bhatia, MD & CEO, LML Electric said that the company is excited to make a significant comeback. "We are actively working on the product development strategies in order to introduce a highly innovative product equipped with the best of technology to enable & strengthen the urban mobility space," Bhatia further added,

In the last few years, several startups have launched their products in the fast-growing electric two-wheeler space in India. Some of the conventional two-wheeler manufacturers too introduced their products. The majority of these products are focused on urban young riders.

Manufacturers such as Ather, Revolt, Ola Electric have been focusing on premium products with a host of features, generous performance. LML Electric too claims that it will bring an electric scooter that will focus on upper-middle and urban segments of society with a premium product range

Having a competitor in the Indian Market could harm the Ola Benefits? Let us know your review on this.