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.
Piaggio Vehicles India Pvt Ltd, which is currently manufacturing three- and four-wheeled small LCV’s, is the segment leader in leader in three-wheeled LCV’s. The company’s plant is located in Baramati, Maharashtra and the future Vespa scooters could also be manufactured here in addition to the proposed new factory.
Vespa LX 125 specifications:
Engine: 124cc Single-cylinder LEADER, 4 stroke with electronic injection
Power: 10 bhp
Max. Torque: 9.6 Nm
Transmission: Automatic Twist and Go
Front Suspension: Single sided trailing link with hydraulic shock absorber
Rear Suspension: Hydraulic shock absorbers with preload adjuster
Front Brake: 200mm disc brake
Rear Brake: 110mm drum brake
Fuel Tank Capacity: 8.5 liters
Dry weight: 114kg
Colours: Rosso Dragon, Nero Lucido, Blu Midnight, Celeste Glamour
Source: Economictimes
Posted by Naveen on June 8, 2010. Read More on Vespa · 3 Comments
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I just love this style.
Will this same scooter be launched in India?
Hope by the time it is launched I have enough to buy one for me and it will be Red..
[...] 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 [...]
[...] 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 [...]