Piaggio to set new production plants in India
Piaggio SpA which knows for its best scooters in the world now ready to come back in India with new manufacturing plant. According to source Italy based Piaggio which is...
Piaggio SpA which knows for its best scooters in the world now ready to come back in India with new manufacturing plant. According to source Italy based Piaggio which is manufacturing three wheeler and two wheeler and selling whole world including Asia now to set more new plant in India and Viatnam.
The company want to get-up 15 per cent share in the market it has targeted to get 13.2 per cent share in 2012. For it the company will be invested a big capital in the Asian market including India and Viatnam.
The Piaggio which is already selling three wheelers in India now has now going to re-launch its popular scooter Vespa with 125cc engine. For it the company has started production. The Paggioi Vespa 125 will be launched by the year of 2011.
Now the company making a plan to enter in four wheeler and motorcycle market and seeks to set it new manufacturing plant with it the Piaggo to develop its technology for American and European market.
For the Scooter and motorcycle engine production in the Europe, the company has collaborated with Aprilia and Moto Guzzi. Piaggio gave no details on investments but said net debt is targeted at 300 million euros ($402.1 million) in 2013. At the end of 2009, net debt was 352 million euros. The total sales business is approximately € 1,900 million and EBITDA of around € 285 million, with a 15% EBITDA margin.
Overall the company to spread its business in India, China, Viatnam, Eurpe and American countries and in this direction it is working in fight stage.
Vespa Elegante 125 User Reviews
I saw the scooter and liked it very much. When I enquired about it, I was shocked to know that the scooter is this much expensive. I felt this shock two times in two days. First, I got to know that the top end variant of Maruti S Cross is costing Rs. 16 lac, after that, heard about overpriced Vespa. I hope there will be some cost cutting later on, as the scooter is not worth its price. One can think of buying it for Rs. 60,000 to 65,000 but I don’t think anyone would pay over Rs. 70,000 to buy it. It carries great looks and is available in dynamic shades to complete its class. I am eagerly waiting for its price to decrease so that I can buy the scooter as I am liking it very much. I am Shravan Kumar from Uttar Pradesh, please reply me here if you get any information about the decrease in Vespa’s price. I hope this review will be helpful for others. Thank you.Read More
I purchased Vespa yesterday after hearing a lot of good things about it. The scooter is so smooth that sometimes you do not feel that its ignition is on when standing on a traffic signal. It is also well balanced and offers smooth running. Over these benefits, it is putting out a great mileage of 50 to 55 kmpl, I hope that the mileage will increase after its first service. The all new scooter reached to the speed of 90 kmph in a stretch of just 500 meters, that shows its power output. The stopping power is great and the tyres provide a good grip on the road. Its on-road price is around Rs. 77,000. If you are a scooter design fan, you should spend your earnings on it, otherwise, it is a costly scooter that will offer classic looks but perform like some others. Vespa is good for those who find these kinds of scooters attractive, it is only meant for them.Read More
Vespa is the non-geared two-wheeler from Piaggio. It is the only scooter in the country with retro looks and is being liked by most of the people. I bought my Vespa Elegante last month. I thought it would be powerful but it is not. It generates a maximum power output of around 10 bhp. But Vespa is stable, well-balanced and offers smooth running even on speeds over 70 kmph. It is a bit costly and goes to Rs.90,000 with its top end variant. It has both the electric and the kick start option for rider’s convenience. The old school looks of Vespa and its smooth running attracted me to buy the scooter. 7 litres of fuel tank capacity and boot space is enough to store a helmet and other small stuff. The headlight provides a good view of the road and high seating keeps you safe as you can see the potholes from a distance and can avoid them. Vespa is not worth its cost but is a good scooter overall.Read More
i took test drive piaggio vespa lx 125 in ahmedabadits design good and comfort for drive but its rate in ahmedabad is 78000rs on road price and thats a main problem in ahmedabadso many two wheelers are available in 50000rs price range so i think vespa company should have to take some serious decision in his this new product Read More
Well this is the scooter i was waiting fori remember my father use to drive vespa in my childhood days and now i will driveBelieve me i have sold my 7 months old activa for this scooterthe time i saw it in auto expo i am desperate for this scootervespa i am waiting for your launch Read More