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Piaggio Vehicles Ltd Ltd, a wholly owned subsidiary of Indian Italian Piaggio Group, opened its new motorcycle plant in the legendary Vespa as Latest Automotive News in India. |
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As mentioned in Latest Automotive News in India, Piaggio has invested over 10 million rupees in the new facility already been invested in new facilities in the Indian subsidiary of Piaggio. The initial production capacity of the plant is 150,000 units per year. The company expects strong demand for its products and has taken steps to build capacity to double by mid-2013. Piaggio has established a large plant for the production of three-and four-wheel commercial vehicles in 1999 and has since increased its production capacity of 20 vehicles per day to a current capacity of 1,000 vehicles per day. The integrated vehicle and engine manufacturing plant is located in a record time of 12 months, done from conception through to commissioning and startup of production. |
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Having tasted success in the field of three-wheeled Piaggio India about the history of the Vespa scooter in the room has to be repeated as Latest Automotive News in India.
The opening ceremony was Plant of the Lord, Sharad Pawar, Minister of Agriculture of the Union and cooperation, Mr. Praful Patel, Union Minister of Heavy Industries and Public Companies, Mr. Ajit visited Pawar, Deputy Chief Minister, Buenos Aires and wife Supriya Sule, Member of Parliament, the Lok Sabha, Mr. Roberto Colaninno, CEO of the Group. |
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In this case, Mr. Colaninno, said: "This is a historic moment of pride for the Piaggio Group, which provides the basis for us a mighty force of the car in India to be part of our investment in Baramati strategic plan, see the India as an important goal in our growth.”
Mr. Ravi Chopra, chairman and CEO of Piaggio Vehicles Private Limited, said: "Today is a historic moment for us because Piaggio opened a new chapter of growth in India, the world recognized iconic Vespa is now produced in Baramati ..." He was also glad to say that "of operating with a layer of 100% of the components was started. This was in line with the strategy of Piaggio". |
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