Monday, April 30, 2012

Piaggio to launch bikes and more scooter models in India


Piaggio, the largest European scooter-maker, on Saturday said it will invest 20 million euros in its India unit and is looking at launching three and four-wheelers in light commercial vehicles (LCVs) space, along with more models of scooters and motorcycles here.
 "The investment at Baramati is part of our strategic plan, which sees this market as a significant destination in our growth trajectory. We have planned investment of 50 million euros of which we have already invested 30 million euros in the Baramati plant. 

Earlier, while inaugurating the facility, Agriculture Minister Sharad Pawar urged Piaggio management to hire people from Baramati at its plant. The company directly employs over 3,000 and a larger number indirectly, to support its operations.


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