Piaggio, who has now owned the iconic Vespa brand again in India has inaugurated their all new Vespa production plant at Baramati in Maharashtra. Piaggio has built a world class, latest generation facility to manufacture the Vespa scooters.
The initial production capacity is 150,000 units per year. The Piaggio Group is confident of a very strong market response to the Vespa as the Indian market is now going through a phase in which, people are really looking forward to scooters as their two wheeler.
"It is a historic and proud moment for the Piaggio Group that lays the foundation for us to be a formidable automotive force in India. The investment in Baramati is part of our strategic plan, which sees India as a significant destination in our growth trajectory." said Mr. Roberto Colaninno, Group Chairman and Chief Executive Officer at the function.
"The parent company has transferred the latest generation product, process and manufacturing technology to the Indian Vespa plant. The Indian supervisory and managerial staff has extensively worked with their counterparts in Italy to ensure that the standards of quality and reliability are maintained and productivity is enhanced." he added.
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