WIMCO-Backward Integration

EPW Research Foundation LML Expansion Plans LML, a well known name in the domestic two-wheeler industry, saw a sharp fail in its bottomline in its silver jubilee year, 1995-96. This Kanpur-based company has a tie-up with Piaggio of Italy for manufacturing a variety of two-wheelers. Up to 92.7 percent of the company's turnover comes from the sale of two-wheelers and the balance is mainly attributable to sale of spare parts.