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Home arrow Auto component arrow Piaggio investing 30 mn in new facility for 'Vespa' model at Baramati
Piaggio investing 30 mn in new facility for 'Vespa' model at Baramati Print E-mail
Written by Ganesh   
Wednesday, 07 September 2011
New Delhi: Piaggio Vehicles is setting up a new facility for its 'Vespa' model, with a 1.5 lakh unit initial annual capacity. The facility is being set up at Baramati in Maharashtra. The Vespa, a 125-cc engine, gearless scooter, will be launched at the Auto expo and will be in the market by March.

Ravi Chopra, Chairman and Managing Director, Piaggio Vehicles said that the company had announced an investment of €30 million for re-entry into the scooter segment. The capacity of the plant will be increased to 3 lakh units annually by the middle of 2013.

Piaggio recently hiked its three-wheeler production capacity from 800 units per day to 1,000 units per day. The company is also doing a comprehensive feasibility study to launch motorcycles in India.

Piaggio is developing a new 200-cc petrol engine for three-wheelers, which is expected to be ready by June 2012. This engine would be sold in both domestic and overseas markets. Currently, Piaggio manufactures only 1.0-litre and 1.2-litre turbo-charged diesel engines.

He said that the company was penetrating more into the rural market.

 
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