Deepak Singhania, managing director of LML, today announced that the company will be launching new models in the coming months including an entry-level 100-cc bike and four-stroke scooters. "The company, which has seen sales dwindle for some time, is eyeing an ambitious 10% market share of the Indian bike market by 2007-08 by when it hopes to jack up production capacity to 7.2 lakh units per annum," Singhania said.The company's current production capacity is 2 lakh units per annum.The 100-cc bike would be coming out by August this year, Singhania said.LML was also looking at assembling partnerships in Columbia, Brazil and Egypt. "We will be investing with a local partner though our ownership will be nominal," Singhania said.
