Wednesday, August 8, 2012

“Piaggio to launch mass scooter in India” plus 1 more

“Piaggio to launch mass scooter in India” plus 1 more

Piaggio to launch mass scooter in India

Posted: 08 Aug 2012 01:31 AM PDT

     Italian two wheeler manufacturer Piaggio aims to launch a mass market scooter in India. The likely model will by 'Fly' which is stylish enough to compete against the Honda and Suzuki scooters. Fly will be powered by a 125cc engine tuned for higher mileage.

     Piaggio feels Indian two wheeler market is growing tremendously and it wants to capitalise the market with a mass segement vehicle. Piaggio has invested Rs. 150 crore at its Baramathi plant to ramp up the production capacity.

     Currently Piaggio has Vespa LX125cc scooter in India which is aimed at premium segment. In spite of its high price of around Rs. 70,000/-, the LX125cc has got a tremendous response in India. 

Mahindra to enter small car segment in India

Posted: 08 Aug 2012 12:59 AM PDT

     India's utility vehicle major Mahindra is planning to enter the small car segment in India. It is learned that Mahindra is developing a new platform for small cars in its new facility at Chennai. The small car is expected to be launched by 2014 in the price range of Rs. 2 – 5 lakh.

     Mahindra will have a huge task cut out as the players in the small car segment has already capitalised the market. Mahindra has to bring in its vast experience in making rugged vehicles to its small car and give its customers value for money.  

     Along with the small car Mahindra is also planning to built cars on Logon platform. A Verito hatch which is already in its testing conditions will make its presence very soon. Mahindra will also look to synergise Reva operations with these new projects. 

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