A Financial Express report says that Piaggio plans to come back to India and plans to introduce both the Vespa and Aprilia brands. The Milan-based group’s wholly owned subsidiary Piaggio Vehicles Pvt Ltd will be producing the vehicles from a new two-wheeler plant. The Aprilias will be in the smaller cubic capacity range than the Vespas which would be in the 125cc-250cc range.
The article also gives brief details on Vespa’s previous two ventures into the Indian market through joint ventures with Bajaj Auto in the 60s and LML in the 90s.
To read the article at the Financial Express site, click here .