LML (formerly Lohia Machines Ltd) was an Indian scooter and motorcycle manufacturer formerly based in Kanpur, Uttar Pradesh.
LML continued to manufacture the Star, a classically styled steel-bodied scooter with twist-shift 4-speed manual transmission and a 150cc two-stroke engine.
Star Deluxe was re-introduced to the U.K. market by AKII (I&E) Ltd, with the Via Toscana as the Euro 3 emissions compliant model.
Again in 1999, an agreement was signed with Daelim Motor Company of South Korea to manufacture four-stroke motorcycles.
Owing to excesses and over-spending, the company has been under financial constraints ever since its foray into bi-wheeler manufacturing, with dividend being declared only twice to its shareholders in spite of contemporary bi-wheeler manufacturers like TVS, Hero and Bajaj Auto not only growing multifold but also enhancing shareholders' worth.
[citation needed] The bankruptcy has dealt a severe blow to SSI units in Kanpur, who were engaged in feeding critical and propriety items to LML since early 1980s, with many closing down or facing huge financial burden on themselves.
New finance were obtained from Credit Suisse July 2006 [2] and other institutions and the factory reopened on 8 March 2008 to manufacture geared Vespa style scooters, primarily for export.