Saturday 19 April 2014
News updated at 10:29 PM IST
Weather
Max: 35.4°C
Min : 22.5°C
In Bangalore
Sunny day

Vespa to be back on Indian roads by march 2012

New Delhi, Sep 6 (IANS)

The iconic Vespa scooter will be back on Indian roads by March next year, more than a decade after it was withdrawn by Italian two- and three-wheeler major Piaggio.

The company launched Vespa in the country in the 1950s in collaboration with the Firodias.
"As per our plan, we will be launching the Vespa by March next year," Ravi Chopra, chairman and managing director, Piaggio Vehicles, told reporters on the sidelines of an event here Tuesday.

The new Vespa will be a 125cc gearless scooter. The company did not disclose its price range.

According to Chopra, an investment of 30 million euros is being made in the firm's scooter manufacturing facility at Baramati in Maharashtra.


"The capacity of the plant would be 150,000 units and would be expanded to three lakh units per annum by mid-2013," Chopra said.

Vespa had a chequered run in the country. It ruled the Indian roads for 20 years, in collaboration with the Firodias, but the Indira Gandhi government declined to renew its licence in 1971. The famous Bajaj Chetak was an outcome of that decision.

The company made a re-entry in 1983, this time in collaboration with the Lohias of the LML group but had to leave the shores again in 1999 after a protracted battle with the Indian partners.

When asked about the company's plans to venture into the motorcycle segment, Chopra said: "We are studying the matter carefully, there is a huge opportunity for that segment in India."

Chopra added that the company was developing a new 200cc petrol engine for the three-wheeler segment which will be ready by mid-2012.

The company recently increased its three-wheeler production from 800 to 1,000 units per day.

Go to Top

Photo Gallery
Actor-Director Farhan Akhtar along with Rahul Bose and Ronnie Lahiri during the inauguration ...

Actor-Director Farhan Akhtar along with Rahul Bose and Ronnie Lahiri during the inauguration ...

During the extended week end, large number of tourists flock to Amba vilas palace, in Mysore. DH...

During the extended week end, large number of tourists flock to Amba vilas palace, in Mysore. DH...

A farmer trying to drain out water from his wheat field with the help of a bucket after heavy...

A farmer trying to drain out water from his wheat field with the help of a bucket after heavy...

Rickshaw pullers try to keep their balance as they ride past a dust storm in Agartala, Saturday...

Rickshaw pullers try to keep their balance as they ride past a dust storm in Agartala, Saturday...

People drinking coconut water on a hot summer day near VV Mohall, in Mysore. DH photo

People drinking coconut water on a hot summer day near VV Mohall, in Mysore. DH photo

Transgenders celebrate the Supreme Court's verdict recognising transgenders or eunuchs as third...

Transgenders celebrate the Supreme Court's verdict recognising transgenders or eunuchs as third...

School children paint on the body of a tram during the 'World Art day' celebrations in Kolkata on...

School children paint on the body of a tram during the 'World Art day' celebrations in Kolkata on...

Shuttler Saina Nehwal with students at a promotional event in Hyderabad on Saturday. PTI Photo

Shuttler Saina Nehwal with students at a promotional event in Hyderabad on Saturday. PTI Photo

Children participating in the drawing and patinting competition, organised by Manjushri arts and...

Children participating in the drawing and patinting competition, organised by Manjushri arts and...

Police and locals remove rubbles from a vehicle damaged after landslide on Jammu-Srinagar ...

Police and locals remove rubbles from a vehicle damaged after landslide on Jammu-Srinagar ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523