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In 2004, LML introduced LML Graptor, marking its entry into the 150 cc lifestyle segment.

It was the first indigenously designed bike from Ugolini of Italy.

2004 marked LML's transition from a single product company to a multi-product two-wheeler company with three simultaneous launches: the LML Graptor (150 cc), the LML Freedom Prima (110 cc) and LML Freedom Prima (125 cc).

Owing to excesses and over-spending, the company has been under financial constraints ever since its foray into bi-wheeler manufacturing, with dividend being declared only twice to its shareholders in spite of contemporary bi-wheeler manufacturers like TVS, HERO HONDA AND BAJAJ AUTO not only growing multifold but also enhancing shareholders' worth.

Even new entrants into the scooter market like HONDA MOTORCYCLE & SCOOTERS have achieved volumes of 50,000 units per month, which LML could never achieve with its full range of Scooters and motor-cycles.

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