Piaggio the iconic Italian brand, is testing the Vespa 946, for road worthiness and will launch it by the 4th quarter of this fiscal. Another Vespa is in the pipeline which will be launched by the end of this year.
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The Vespa 946 is currently under test by Automotive Research Association of India (ARAI) and will hopefully soon be passed and released in India.
Ravi Chopra, CMD of Piaggio Vehicles Private Ltd -
The product is undergoing the homologation process under ARAI and this may take at least 3-4 months. Hopefully, it will be available from the fourth quarter of the current financial year,
The new model is made exclusively to suit the Indian conditions. We keep introducing new Vespa range targeting predominantly the style and fashion conscious young demography in the country.
With the planned launches and the growing urban demand for premium 2-wheelers, we expect to clock 150,000 units per annum in the next two years,
Piaggio has a manufacturing facility with a capacity of 150000 units in Baramati, Maharashtra, from where the luxury segment Vespas are being manufactured. Currently the company has the Vespa LX and Vespa VX being sold in the Indian market.
Piaggio has been procuring 95% of its raw material from India itself, to help keep costs down. By doing this the company is being able to sell the Vespas in India at a third of the price that it is sold in Europe!
Vespa VX, priced at Rs 71,900 (ex-showroom Hyderabad), powered by an advanced 4-stroke, 3 valve 125 cc engine, is capable of delivering a mileage of 60 kmpl. The Vespa LX has managed to sell 50000 units since the time it was launched in May 2012.
Source: Piaggio to roll out 'Vespa 946' in Q4 | Business Standard
How much would you be willing to pay for the Vespa 946, when it is released in India?
The Vespa 946 is currently under test by Automotive Research Association of India (ARAI) and will hopefully soon be passed and released in India.
Ravi Chopra, CMD of Piaggio Vehicles Private Ltd -
Quote:
The product is undergoing the homologation process under ARAI and this may take at least 3-4 months. Hopefully, it will be available from the fourth quarter of the current financial year,
Quote:
The new model is made exclusively to suit the Indian conditions. We keep introducing new Vespa range targeting predominantly the style and fashion conscious young demography in the country.
Quote:
With the planned launches and the growing urban demand for premium 2-wheelers, we expect to clock 150,000 units per annum in the next two years,
Piaggio has been procuring 95% of its raw material from India itself, to help keep costs down. By doing this the company is being able to sell the Vespas in India at a third of the price that it is sold in Europe!
Vespa VX, priced at Rs 71,900 (ex-showroom Hyderabad), powered by an advanced 4-stroke, 3 valve 125 cc engine, is capable of delivering a mileage of 60 kmpl. The Vespa LX has managed to sell 50000 units since the time it was launched in May 2012.
Source: Piaggio to roll out 'Vespa 946' in Q4 | Business Standard
How much would you be willing to pay for the Vespa 946, when it is released in India?