Indian LML aims to double motorbike capacity, sales

Newswire

NEW DELHI, July 23 (Reuters) - India's fourth biggest motorcycle maker, LML Ltd, will spend 1.25 billion rupees this fiscal year to double its annual capacity to 400,000 bikes to meet growing demand, its managing director said on Wednesday. The loss-making company, which had a revenue of 5.75 billion rupees in the past fiscal year to March 2003, said the expansion would help it double sales this year to more than 240,000 bikes. LML has nearly a six percent slice of the domestic market, ...

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