Archive for the ‘Vespa’ Category

Vespa designs scooters for women wearing sarees

Vespa 125 LX

Vespa is all set to re-enter the Indian market and to help it on its way, World Bank arm IFC will fund the Italian 2-wheeler company with Euro 45mn. Vespa will utilize the funds to make eco-friendly scooters, motorcycles and LCVs in Vietnam and India.

Chairman and managing director Piaggio India Ravi Chopra -

A Vespa is a Vespa, its not a scooter. The Vespa will be designed for the Indian consumers’ tastes, something that offers them iconic value. It is a lifestyle product meant for the elite, for people who like to be distinctly known to possess something unique in nature

Vespa has taken a leave of 15 years in India and in its third attempt, it will try selling scooters and three-wheelers. The first product from its stable to be introduced in India is the 125cc Vespa LX scooter in 2012 at the company’s newly constructed Baramati plant.

Vespa is also working on gearless scooter suitable for short people. It will be designed for women riders wearing sarees as well.

click through to read Vespa 125 LX specifications

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Entry posted on July 29th, 2010 and filed under Vespa

Piaggio has aggressive plans for India

Vespa LX 125

Piaggio will be bringing back the Vespa brand of scooters in India in Q1 of 2012 and it has major plans to ensure that it leaves no stone unturned in ensuring success of the Vespa LX 125 scooter. Remember, the company will be re-entering India all on its own this time and won’t have any local partner.

The company will not only retain the originality of Vespa’s scooters, but will also ensure maximum possible localisation of vehicle components, in order to ensure that its products are competitively priced. The company has already established a vendor sourcing group, which has been tasked with finding the appropriate vendors for the various components of the vehicle, subject to final approval of the parent company in Italy.

Ravi Chopra, Managing Director, Piaggio Vehicles -

Vespa is iconic like the Beatles. This time around, the company is not coming back to India through a partner but on its own. India is a significant destination for investment and offers immense opportunities. Since 2002, the scooter market has picked up pace here and has been growing at a Cumulative Annual Growth Rate (CAGR) of 13%.

The company is also looking to bring in a wider range of products into the Indian two-wheeler market from the various brands it has in its portfolio, but all this currently hinges on the success of the Vespa brand of products in the country.

The company wants to create a separate dealer network for the Vespa brand in the country, in order to give the brand its own identity and recognition. The company is looking to set up a quality dealer network along with some boutiques, to create awareness amongst the people about its products. The company could look into using its existing dealer network for promoting the LX 125 and also for retailing it.

The company is looking to invest 30 million Euros into its Indian operations during financial years 2010 and 2011 and with its manufacturing facility located at Baramati in Pune already having an installed capacity of 1,50,00 units, with the ability to be expanded further according to the demands of the market, the company seems to have covered all grounds for its third innings in the Indian two-wheeler space.

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Entry posted on June 30th, 2010 and filed under Vespa

To celebrate Vespa’s re-entry – A Hotrod Vespa!

Modded VespaModded Vespa

This one’s for all you Vespa fanatics out there. A guy in Spain has created a hotrod out of a Vespa scooter and man does it look killer. The scooter has been heavily modded with special care being paid to upping the performance potential of the scooter.

There are no specs available as to which Vespa scooter has been used as the base for this modification and what are the performance figures of the scooter post all the modding. There is no info available as to the money spent on carrying out all these changes.

Vespa is about to make its re-entry in to the Indian two-wheeler market, with its LX 125 scooter. The company had a big fan following in the 80′s and 90′s with scooters like the NV. Can Vespa regain its past glory in the Indian scooter market. only time will tell.

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Entry posted on June 23rd, 2010 and filed under Vespa

LX 125 to lead Vespa’s Indian re-entry

Vespa LX 125

Vespa is about to make its re-entry into the Indian two-wheeler market and its the LX 125 which has been given the charge of leading Vespa’s attack on the Indian scooter market. The LX 125 is a 125 cc gearless, automatic scooter similar to the Honda Activa, whose engine produces 7.65 kW of max power and 9.6 Nm of max torque.

The Vespa LX 125 will be loaded with features such as a front disc brake and an electric starter. The scooter will be one of the more powerful scooters in the Indian market and hence fuel efficiency will be on the slightly lower side.

The Vespa LX 125 faces a tough job of re-establishing the Vespa brand name in the Indian two-wheeler space and with the presence of established rivals such as the Honda Activa, Honda Aviator, Hero Honda Pleasure and the Suzuki Access. It is not going to be an easy ride for Vespa in the Indian market.

click through to read technical specifications

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Entry posted on June 21st, 2010 and filed under Vespa

Breaking – Vespa to begin third innings in India by 2012

piaggio vespa 2012 india

The iconic scooter manufacturer Vespa is all set to begin its third outing in the Indian scooter market. Vespa entered the Indian market way back in the 1960′s with a JV with Bajaj which ended in 1971. Then Vespa tied up with LML for its second innings in India, between 1983 and 1999. Now Piaggio, Vespa’s parent company has given the green signal for Vespa’s Indian re-entry.

The Board of Piaggio has approved a proposal to invest around 30 million euros (Rs 170 crores) over two years to set up a manufacturing plant with an annual capacity of 1.5 lakh units in India. The Italian manufacturer wants to take advantage of the lucrative Indian scooter market, the Indian two-wheeler market being the second largest in the world.

Piaggio also plans to establish boutique showrooms for selling the range of Vespa scooters. Piaggio would first roll out the Vespa LX 125 scooter by the end of 2012. Then would gradually bring in more powerful scooters.

Piaggio is bullish about the Indian scooter market and is hoping to sell around 1.1 lakh units in the first three years and estimating revenues from the scooter business to touch Rs 400 crores in these three years.

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Entry posted on June 8th, 2010 and filed under Vespa
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