New Delhi: The next big revolution in the automotive sector is electric cars and it has already started taking good shape. Seeking a promising future, many players not only enter the e-vehicle segment, but are collaborating with big players. In the same direction, LML today announced a strategic partnership with Saera Electric Auto, one of the largest producers of two-wheelers previously manufactured for the global Harley Davidson corporation. Saera's state-of-the-art facility is located at the Bawal Automotive Center in Haryana and will manufacture the upcoming LML electric vehicles. Saera's advanced and innovative infrastructure will now be leveraged to develop EV range of products from the LML electric stable.
Basically, LML Electric is laying the foundation for a long-term future in the electric vehicle business in India. LML intends to build a future-proof manufacturing facility using Saera's facilities and expertise. LML intends to become a 100% "Make in India" company by the end of 2025. The manufacturing plant covers over 2,17,800 square feet and has a capacity of 18,000 units per month.
As LML gears up to enter the exponentially growing electric vehicle industry, it is being handled by a wide range of design and engineering firms from Europe to Japan. LML is also in talks with global manufacturing entities seeking futuristic collaborations in product design and engineering innovations.
Commenting on the partnership, Dr. Yogesh Bhatia, CEO of LML, said: "We foresee an immediate need for automakers to reduce their reliance on imports and build infrastructure designed and capable of meeting rapidly growing demand. in India and the world. We are confident that this partnership will be a stepping stone in our vision to redefine and reimagine the future of electric vehicle manufacturing in India to bring the country up to par with global manufacturing standards.”