LML aims to open around 100 showrooms in India in 2 years, Who Can Apply For Dealership?

When everyone is stepping into the electric vehicle concept, the Indian scooter and motorcycle manufacturer LML recently saw in the headlines after the brand announced to the opening of more than 100 showrooms across the nation. According to the reports, the brand has decided to initiate under 2 years. Now, as per this announcement, the other one that brought happiness is, LML is giving an opportunity to all entrepreneurs to apply for the dealership. You must be searching for the news and the details of LML’s new announcement. So, here we are talking about what else you need to apply for the dealership and who else is eligible for the dealership.

Now, when it comes to talking the news so on Tuesday the Indian scooter and motorcycle manufacturer Lohia Machinery Limited prominently known as LML announced that the brand is thinking to roll out a new plan under which the brand will open around 100 showrooms in PAN India in the next 2 years. In a statement, one of the spokespeople for LML said that the company aims to expand its dealership network phase-wise. While the spokesperson for the brand was seating in a press conference they said “With the aim of establishing a nationwide network of 100 dealerships by FY 2024-25, the company plans a DODO model of retail expansion in the country”.

Apart from the latest announcement, it is also a deal of concern that thousands of people are searching about, there was a time when LML used to rule the market but later due to some reasons the company went on shut, although, it is ready once again with some new ideas that are going to be a deal to keep eyes on.

LML To Open A Network Of 100 Dealerships Nationwide

Well, along with the announcement made by LML recently, at a press conference, the word DODO was broken in the meeting and since it was spoken there, people are searching for what DODO Model stands for. What does it mean? So, we would like to attract your side towards the word, where DODO stands for Dealer Owned Dealer Operated model. Under this scheme or model, all the dealers are allowed to play the role of both owner and the operator of the service station.

However, behind this plan, the company has made a different mind behind raising the sales and getting the existence back in the market. According to the details that we got to know after the statement, this plan creates a standardized outlet for its impending dealership that concentrates on a tech-enabled customer relationship management and sales management framework in order to strengthen its customer value and trust.

Company Statment In Press Conference

In the same press conference Mr. Yogesh Bhatia, MD & CEO of LML in a statement said

The e-mobility revolution has received unprecedented support from the Indian government, and we at LML are driven to accelerate the adoption of EVs (electric vehicles) across different parts of the country with the most trustworthy household name LML.

Now, as per the company’s statement, it came to know that the minimum ticket size of investment required by the prospective dealers is Rs 1 crore. Let’s see if the plan is going to work for the brand or not. Stay connected to get more updates on trending news across the globe.