Lml swot evaluation essay

LML Ltd is usually an India-based Company that manufactures, sells and exports motorized two wheelers. The corporation operates in a single segment, particularly motorized two wheelers. They feature scooters, motorbikes, and mopeds, as well as spares and add-ons. They are having their making facilities located at Kanpur in Uttar Pradesh. LML Ltd was incorporated back in 1972 while Lohia Machineries Ltd to manufacture machinery for the synthetic fibers industry.

Back in 1983, the organization commenced development of 95 cc scooters in technological collaboration with Piaggio EMPIEZA, SpA, Italy.

In the year 1984, the company incorporated a new organization under the name and elegance of Vespa Car Organization Ltd to manufacture two hundred, 000 scooters and 40, 000 three-wheelers annually. STRENGTH

Vespa can be an Italian line of scooters manufactured by Piaggio. The Vespa has evolved from a single model motor scooter manufactured in 1946 by Piaggio & Co. S. s. A. of Pontedera, Italy”to a full line of scooters and certainly one of seven corporations today possessed by Piaggio”now Europe’s greatest manufacturer of two-wheeled cars and the world’s fourth most significant motorcycle producer by unit sales.

Known for their colored, pressed metal unibody which will combines a total cowling intended for the engine, a flat floorboard, and a prominent front side fairing, The Vespa was the first throughout the world successful kid scooter.

ï‚žVespa initial came to India in 1960 with a cooperation with Bajaj Auto. ï‚žThe technical effort ended in the year of 1971 and Bajaj and Vespa parted methods. ï‚žVespa during that time was considered an famous scooter brand globally plus the brand was owned simply by Piaggio. ï‚žPiaggio then joined hands while using Kanpur primarily based Lohia Devices Ltd ( LML) in 1983 and started to turns out the Vespa range of Scooters. ï‚žBy that period Bajaj was ruling industry with the iconic Chetak. WEAKNESS

Opportunities and Threats

LML is short for the highest specifications of technical expertise, merchandise innovation and has one of many finest 3rd there’s r & M capabilities, especially relating to building, rapid prototyping, CAD CAMERA, tooling and industrialization. It truly is harnessing these kinds of strengths and its particular vast knowledge in the two-wheeler business coupled with a aggressive business technique forits rebirth and transformation. The Company just might be the first in the world to acquire Euro 3 certification for its 2-stroke cars and after restart, it includes also received the enhanced ISO 9001-2008 certification from DNV.

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