Piaggio India to invest 30M euros for scooter plant
Published On Aug 28, 2010 12:00 AM By Mansi Malhotrafor Vespa Elegante 125
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Paggio India a subsidiary of Italy based two wheeler maker Piaggio going to invest 30 million euros ($38) for build of scooter plant in India. According to sources that the Piaggio India has decided to re-launch its poplar scooter named as Piaggio Vespa LX.
Paggio India Chairman and Managing Ravi Chopra disclosed that the company wants to produce this scooter on the large scale. And the the company has decided to more production of this new scooter-Vespa LX-125 with 150000 units per annum.
After the broken tie-up from Bajaj and LML, Vespa's based company Piaggio had takeover it and now going to relaunch it by the end of 2012. The Vespa LX125 will surely be one of the most gorgeous looking scooters on roads today.
The new scooter will loaded with 125cc power engine which will be compete with Honda, Yamaha, Hero Honda and TVS Scooters. And it will be equipped with more features which is aimed to attract the young crowd.
The company to launch this scooter with wide colour range and it's expected price might be around Rs. 55000/- in Indian market. So Vespa lovers may wait till the launch of this innovative Vespa LX 125.
