LML was incorporated in 1972 and engaged in manufacturing synthetic yarn machines. In 1984, it entered a technical collaboration with Piaggio of Italy to produce scooters. In 1993, LML launched the Select scooter which was a success. The partnership with Piaggio ended in 1999 after which LML continued producing the Star scooter and Trendy motorcycles. More recently, LML has launched electric bikes like the Freedom 125 and solar-powered electric bikes to expand its product lineup. It aims to increase production and sales through initiatives like operating under Make in India and promoting environmental friendliness.