What the business is
LML makes electric two-wheelers under the revived Star name, aiming at India's fast-growing e-scooter market and export markets like Italy.
Starting capital
Self-funded by Bhatia — 'I am part of a traditional business family and we are not into burning cash'; no outside investors.
How it started
Bhatia spearheaded the 2021 acquisition of the legacy brand and marked its 50th anniversary in September 2022 by showcasing three products: the Star scooter, the Orion e-bicycle and the Moonshot e-hyperbike. Everyone assumed a launch the next year.
What happened
Market feedback said LML means scooters, so the plan narrowed to one product: the LML Star motoscooter, 'the chilled out attitude of a scooter with the thrill of a motorcycle'. Operations moved into the former Honda Motorcycle & Scooter India office in Gurugram; manufacturing sits in the former Harley-Davidson plant in Haryana, with land bought to build out a vendor system for global markets.
What has to be true
The Star carries four decades of brand equity in Europe, giving exports a running start no new EV brand has.
Bootstrapped discipline forces a capital-efficient launch rather than a cash-burning land grab.
Pain points collected from rivals' customers — battery, warranty, range — were addressed before launch.
What can be applied
A legacy name is only worth relaunching if it shortens one specific distance — for LML, trust in export markets that already know the badge.
Aftermath
Launch was set for October 2024; the material predates it, so sales were untested. Former rival Bajaj's electric Chetak already had a head start, with Ola Electric and TVS leading the market.
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The sources
- LML bets big on Star to charge up electric scooter space auto.economictimes.indiatimes.com