“At present, we source 50 per cent of components for our global operations from India and same amount from China. We want to source components from India as much as possible,” Gregorio Alessio Ruffo, global purchase India and development, Piaggio & C. s.p.a. told Financial Chronicle. Tata Dealers In India At present, Piaggio has a vendor base of 100 suppliers in India that provide components for two-wheelers and light commercial vehicles valued at a total € 40 million (Rs 245.2 crore).
A couple of years ago, the company had set up a global purchase office in India, keeping in mind the quality and cost advantage over European suppliers. “As we launch a range of scooters with an engine capacity of 125cc to 200cc, we will be able to expand the supplier base further,” said Ruffo.
The Italian two-wheeler major also plans to introduce its mass commuter segment motorcycles with an engine capacity of around 125cc to 200 cc sold under its global brands Aprilia, Derbi and Scarabeo among others, in India. “We are evaluating the launch of our motorcycle with 125cc engine in the Indian market. For the low-powered motorcycle, we can achieve nearly 50 per cent localisation as it would have a common vendor base with our scooters,” he said.
Piaggio Vehicles, the Indian subsidiary of Piaggio group has invested €30 million (Rs 183.9 crore) to set up a greenfield two-wheeler manufacturing facility in Baramati in Maharashtra. “The facility will have a capacity of 1.5 lakh scooters annually.Indian electric bicycles We plan to achieve 1,00,000 sales volume for the Vespa LX125 that will be launched in January 2012,” said Ravi Chopra, chairman and managing director, Piaggio Vehicles. India’s scooter sales grew by around 49 per cent year on year to 15.17 lakh over the April-December 2010 period.
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