Press Esc to close
Tuesday 26 July 2016
News updated at 7:28 PM IST
Weather
Max: 30.3°C
Min : 20.4°C
In Bengaluru
Sunny day

Vespa to be back on Indian roads by march 2012

Last updated: 06 September, 2011
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The iconic Vespa scooter will be back on Indian roads by March next year, more than a decade after it was withdrawn by Italian two- and three-wheeler major Piaggio.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
Legendary Santoor player Pandit Shivkumar Sharma being felicitated during an event...

Legendary Santoor player Pandit Shivkumar Sharma being felicitated during an event...

Members of the Indian archery team, the first to reach Brazil for the upcoming Olympics...

Members of the Indian archery team, the first to reach Brazil for the upcoming Olympics...

Kanwarias on their way to offer holy water to Lord Shiva on the occasion of holy month of Shravan...

Kanwarias on their way to offer holy water to Lord Shiva on the occasion of holy month of Shravan...

Actress Kajal Aggarwal receiving an award at 'Femina Power List South 2016'...

Actress Kajal Aggarwal receiving an award at 'Femina Power List South 2016'...

Coast Guard IG Rajan Bargotra briefing on the search operations of missing IAF AN-32 aircraft...

Coast Guard IG Rajan Bargotra briefing on the search operations of missing IAF AN-32 aircraft...

Mumbai crowned Premier Futsal champions in Mapusa...

Mumbai crowned Premier Futsal champions in Mapusa...

Chief of Army Staff, General Dalbir Singh paying homage to the martyrs of OP VIJAY...

Chief of Army Staff, General Dalbir Singh paying homage to the martyrs of OP VIJAY...

School studentsí celebrate Kargil Vijay Diwas in Jalandhar...

School studentsí celebrate Kargil Vijay Diwas in Jalandhar...

Forest officials patrolling in a boat on the flooded Kaziranga National Park on Monday...

Forest officials patrolling in a boat on the flooded Kaziranga National Park on Monday...

KSRTC buses were parked on following the State Transport Unions strike...

KSRTC buses were parked on following the State Transport Unions strike...

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