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According to the new plan the company will focus on improving the existing portfolio as opposed to the previous plan of introducing six new models by 2015.
The company chief, Aslam Farikullah had earlier committed to keeping production of Lotus cars in the UK.
The new plan will imply that the production of the new Esprit supercar will be kept on halt. Instead, the company will introduce variants based on existing products, starting with the 2013 Lotus Elise S Club Racer, a stripped-out version of the Elise designed for the track.
The company has already sold 80 cars by the end of May as compared to 70 units all through 2012. As part of the revival, the company has also opened merchandise stores in the UK.