Piaggio looks to enhance premium play; forays into bike segment with Aprilia RS 457
Aprilia RS 457: The company, which is present in India through a wholly-owned subsidiary -- Piaggio Vehicles, has forayed into the growing mid-size bike segment by unveiling Aprilia RS 457.
Aprilia RS 457: Italy's Piaggio Group aims to enhance its presence in the premium two-wheeler segment in India, as more and more customers seek feature-rich options for mobility requirements, according to a top company executive.
The company, which is present in India through a wholly-owned subsidiary -- Piaggio Vehicles, has forayed into the growing mid-size bike segment by unveiling Aprilia RS 457.
The company already sells five premium scooter models under Aprilia and Vespa brands, in the country.
"What we have seen is that more and more customers are seeking something more to satisfy their need for mobility. They are looking for feature-rich models, a trend which is already there in various countries," Piaggio Vehicles Chairman and MD Diego Graffi said.
There is an increase in expectations of Indian consumers as they seek more than just a vehicle to commute from one place to another, he added.
He noted that demand for premium products has been on a rise in the country.
Also Read: MG Motor India exploring options for a second plant in country
Graffi said the company would start selling the Aprilia RS 457 in India from around January next year from select outlets in major cities.
It will be followed by launches in other geographies as well, he added.
When asked about scooter sales, Graffi said: "We are going to target 60,000-70,000 scooters this calendar year. This is in line with our strategy of being in the premium segment," Graffi said.
The company sold a similar number of units last year as well, he noted.
Piaggio Vehicles also sells three-wheelers in the domestic market.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
02:05 PM IST