Monday, June 07, 2010

Piaggio to launch Vespa scooters in India in 2012


Piaggio is re-entering the Indian two-wheeler market with the Vespa LX125...
Piaggio Vespa IndiaPiaggio Vespa IndiaPiaggio Vespa India

Piaggio has decided to re-enter the Indian market with Vespa scooters, starting with the Vespa LX125. India is the world’s second-largest market for powered two-wheelers, with 8.4 million units (including motorcycles and scooters) having been sold in 2009. Of this, the sale of scooters accounted for about 1.3 million units.

The Indian market is currently dominated by 110cc Honda scooters, while Suzuki, TVS Motor, Hero Honda and Mahindra are also bit players in the market. With its scooters, Vespa hopes to take on Honda and other companies in India. The company will build a new factory in the country where it will produce up to 150,000 units per year, and hope to launch its scooters in India by end-2012.

Piaggio plans to invest a total of about 30 million euro in India in financial years 2010 and 2011, with the goal of achieving revenues of approximately 70 million euro in 2015.

Piaggio is already one of the leading manufacturers of commercial three-wheelers in India, selling more than 180,000 units in 2009. At its Baramati plant in India, Piaggio is also completing work on its new 1.0- and 1.2-litre diesel and turbodiesel engines intended for a range of new Piaggio commercial vehicles to be marketed in Europe and Asia.

4 comments:

Mark said...

In my optinion, they make a good deal going to india. India is a very big market for scooters.

wahab said...

waiting to buy one

RaviKant said...

Its really a good decision,they will get good response from Indian Market.

Anonymous said...

Ajay Singh,

Good scooter have tried it abroad, whats the price going to be?
125cc to be launched in 2012 what about 150cc.

Labels

2WD AC Schnitzer AJS Akrapovic all-wheel-drive Alpinestars AMG Aprilia Ariel Audi Avinton Bajaj Barry Sheene Benelli Bianchi Bimota BMW Bosch Brammo Brembo Britten BSA Buell Bultaco Cagiva Campagna Can-Am Carver Casey Stoner Caterham Chinese bikes Classics Concept Bike Confederate CRandS Custom-built Dainese Derbi Diesel Ducati Eddie Lawson EICMA 2008 EICMA 2009 EICMA 2012 EICMA 2013 EICMA 2014 EICMA 2015 EICMA 2016 Electric Ferrari Fischer flying machines Freddie Spencer Giacomo Agostini Gilera Harley-Davidson Helmets Henderson Hero Motocorp Hesketh Honda Horex Husqvarna Hybrid Hyosung Ilmor Indian Intermot 2012 Intermot 2014 Intermot 2016 Interviews Isle of Man TT Jawa Jay Leno Jeremy Burgess Kawasaki Kevin Schwantz KTM Lamborghini Lambretta Laverda Lazareth Lotus Mahindra Malaguti Markus Hofmann McLaren Mercedes-Benz Mick Doohan Midual Millepercento Mission Motors Mondial Morbidelli Morgan Moriwaki Moto Guzzi Moto Morini Moto2 Moto3 MotoCzysz MotoGP MotoGP-2007 MotoGP-2008 MotoGP-2009 MotoGP-2010 Motorcycle Design Motus MTT MV Agusta MZ News Nissan Norton NSU Peraves Petronas Peugeot Photography Piaggio Porsche Quad Renard Renault Riding Impressions Roehr Ronax Ronin Rotary Royal Enfield Scooters Segway Shootouts Short Films Skills Specials stunt riding Supercharged Suter Suzuki Toyota Travel trike Triumph Turbo TVS Two-stroke Ural V10 V12 V4 V6 V8 Valentino Rossi Velocette Vespa Victory Vincent Volkswagen Voxan Vyrus Wakan Wayne Gardner Wayne Rainey Wunderlich Yamaha Yoshimura Zagato