and recession in the automobile industry. Further, suspension of work in the Aurangabad factory followed by a lock-out from November, 1986, intensified the situation. To sustain the growth in the 3-wheeler market, the Company made all efforts to improve and increases its exports of three-wheelers, particularly of load carriers. Also an additional unit in Tamil Nadu was planned and went commenced operations in 1987. With the erosion of net worth by 1987, the company was placed under Board for Industrial and Financial Reconstruction (BIFR) as per Sick Industrial Companies Act, 1985 for a period of 1988–89 (15 months). Further efforts to improve three-wheeler sales and a license to manufacture mopeds in Tamil Nadu never materialized. Later the company ceased operations for the three-wheeler and scooter lines and continued with the ancillary units. The company finally ceased production in 2002. Automobile Products of India Limited currently operates as a subsidiary of Kiyana Real Estate Private Limited. See also Innocenti Lambretta References External links Reclaiming the Lambretta – LineMint Defunct motor vehicle manufacturers of India Indian motor scooters Motorcycle manufacturers of India Scooter manufacturers Manufacturing companies based in Mumbai Indian companies established in 1949 Indian companies disestablished in 2002 Manufacturing companies established in 1949 Manufacturing companies disestablished in 2002