Piaggio Banks On Unique Brand Portfolio For Strong Growth
- By Bhushan Mhapralkar
- November 02, 2022
Reporting consolidated net sales of EUR 1,626.9 million over the last nine months, marking an increase of 23.3 percent when compared to the sales of EUR 1,319.2 million clocked during the corresponding period last year that ended on 30 September 2021, Piaggio is cautiously optimistic of steady growth on the basis of its unique brand portfolio.
Selling 490,400 vehicles worldwide (an increase of 13.9 percent from 430,600 during the corresponding period last year), the Italy-based industrial group showcased the new Aprilia RSV4 XTrenta, a special edition two-wheeler that combines Aprilia Racing engineering and MotoGP technology. Only 100 bikes will be produced to celebrate the 30th anniversary of Aprilia’s first championship victory. It also showcased the centenary edition of GMG – Giornate Mondiali Moto Guzzi – in Mandello Del Lario (Italy) in September, attracting more than 60,000 Guzzi bikers from around the world, including British actor Ewan McGregor, who has always been a great fan of Moto Guzzi bikes.
Holding the world preview of the Moto Guzzi V100 Mandello Aviazione Navale (signifying the brand’s special ties with the Italian Navy) in the spectacular setting of the flight deck of the Cavour aircraft carrier in September, Piaggio presented a new range of Vespa GTS scooters in four versions – the classic Vespa GTS, the contemporary GTS Super, the feisty GST SuperSport and the hyper-tech Vespa GTS SuperTech – in October.
Announcing net profit of EUR 70.9 million, the best ever nine months result with an improvement of 37.4 percent (it was EUR 51.6 million at the nine months ending on 30 September 2021), the Italian group sold 410,000 two-wheelers worldwide (an increase of 12 percent from 366,000 as on 30 September 2021) and generated net sales of EUR 1,338.9 million, an increase of 20.6 percent from EUR 1,110.2 million during the corresponding period last year.
Turnover from two-wheeler sales was particularly strong in Asia Pacific (clocking an increase of 55.1 percent), followed by the Americas (clocking an increase of 44.4 percent), EMEA (clocking an increase of 7.7 percent) and the Indian sub-continent where sales continued to be steady and resulted in an increase of one percent.
Consolidating its leadership in the scooter segment with a share of 23.5 percent (23.1 percent in the first nine months of 2021) and further strengthening its positioning in the North American scooter market with a share of 34.9 percent (34.5 percent as on 30 September 2021), Piaggio experienced an increase in traction in the area of motorcycles as well.
Working to consolidate its presence in the North American motorcycle market with the Aprilia and Moto Guzzi brands, the group (seeing double-digit growth in global scooter sales volumes, driven in particular by the Vespa brand that reported a double-digit improvement in turnover and record nine-month sales volumes and by Aprilia scooters) clocked good growth in its commercial vehicle portfolio as well.
The group reported sales volumes of 80,300 vehicles, up 24.4 percent as compared to 64,600 units sold in the nine months ending on 30 September 2021. It also reported net sales of EUR 288 million (an increase of 37.8 percent from 209.1 million EUR as on 30 September 2021).
Highlighting positive performance of the motorcycles under the Aprilia and Moto Guzzi brands on one side and the commercial vehicles on the other, Piaggio experienced good contribution from its Indian operations too.
With the Indian market showing a recovery with turnover from commercial vehicles rising 56.7 percent and sales volumes rising 37.4 percent, the group’s subsidiary now commands a 19.4 percent overall share of the Indian three-wheeler market. In the cargo sub-segment of three-wheelers in India, the company – Piaggio Vehicles Private Limited – is holding a market share of 33 percent.
Drawing attention to an extremely complex macroeconomic situation and geopolitical developments such as the Russia-Ukraine conflict, Piaggio Group Chairman and CEO Roberto Colaninno expressed, “The Piaggio Group closed the first nine months of 2022 with its best results ever and double-digit growth, driven primarily by excellent performance in the APAC area, which will be further boosted by the new manufacturing facility we shall be opening in Indonesia next month.”
Suzuki Motorcycle India Inaugurates Suzuki Lounge In Thane
- By MT Bureau
- August 27, 2026
Suzuki Motorcycle India, one of the leading two-wheeler manufacturers, has opened its Suzuki Lounge outlet at Riddhi Auto Agencies in Thane, Maharashtra.
The facility combines a service workshop, customer area and vehicle display zone within a single site.
The workshop operates four service bays visible from the customer lounge through glass partitions to show maintenance procedures directly to vehicle owners.
The lounge area includes seating, discussion spaces, and a reception zone, alongside a product display section showing Suzuki’s motorcycle and scooter line-up.
Hari Krishna K, Executive Officer, Sales & After-Sales, Suzuki Motorcycle India, said, “Suzuki Lounge represents a significant step forward in our customer-centric approach and brings the spirit of ‘By Your Side’ into the service experience. Today’s customers expect more than just service. They seek transparency, comfort, and a premium experience. With Suzuki Lounge, we are creating an environment where customers can relax, stay connected, and confidently witness the care and expertise that goes into servicing their vehicles.”
The inauguration was conducted by Vivek Jain, Assistant Vice-President - After Sales, and Osamu Tani, Operation Manager - After Sales at Suzuki Motorcycle India. The Thane location serves as the inaugural deployment of the Suzuki Lounge concept across the company's Indian after-sales network.
Yamaha Launches YZF-R2 At INR 230,500 In India
- By MT Bureau
- August 27, 2026
India Yamaha Motor has launched the YZF-R2 at prices starting at INR 230,500 (ex-showroom Delhi) for the base model in Metallic Black or Dark Bluish Gray colour options.
This marks the global debut of the model and expands the manufacturer's R-series portfolio in India. Built on a high-tensile steel tube diamond frame, the motorcycle represents Yamaha's entry into the 200cc motorcycle segment.
The YZF-R2 is powered by a 204cc liquid-cooled, single-cylinder, DOHC engine producing 26.5 PS of power and 19.1 Nm of torque. It features finger follower rocker arms with diamond-like carbon coating. The chassis yields a total kerb weight of 149 kg, supported by 37 mm upside-down front forks, a rear monoshock and a four-point engine mounting system.
Hajime Aota, Chairman, Yamaha Motor India Group, said, "The launch of the YZF-R2 marks a significant milestone in Yamaha's long-term growth strategy. The YZF-R2 is not an entry into a new segment; it is a motorcycle created for riders who are committed to the spirit of Yamaha R-series. Combining the authentic R-series DNA with lightweight performance and excellent fuel efficiency, it offers an exciting and accessible gateway to our supersport world. Inspired by the global R-Series flagship motorcycles and built on an all-new platform, the YZF-R2 reflects our confidence in India's engineering expertise and its growing role in Yamaha's global product strategy.
“We are deeply grateful to our R-series customers in India for their unwavering trust and passion, which have helped make the R-series one of Yamaha's most iconic motorcycle families in the country. Today, with over one million R-series motorcycles on Indian roads, this enduring relationship continues to inspire us to push the boundaries of innovation and performance. We are confident the YZF-R2 will build on this legacy, set a new benchmark in its segment, and inspire the next generation of Yamaha riders," said Aota.
The YZF-R2 comes with traction control, an assist and slipper clutch, dual-channel ABS, a five-inch TFT display and selectable riding modes as standard.
Higher variants add a bi-directional quick shifter, while the top-tier R2M model incorporates adjustable suspension and a smart key system.
The Quick Shifter variant is priced at INR 239,500 in Matte White Pearl or Racing Blue, while the fully-loaded YZF-R2M can be had for INR 253,000 in Metallic Gray. Dealership availability across Yamaha's Blue Square network will begin in mid-September 2026.
TVS Motor Co Launches Jupiter Dual Tone Spectral Scooter Range At INR 89,825
- By MT Bureau
- August 27, 2026
Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has launched the TVS Jupiter dual tone spectral range, introducing two new dual-tone options – Spectral Blue and Spectral Copper – to its 110cc scooter line-up. The release marks the first-time spectral colour-shifting finishes have been offered in this segment.
The TVS Jupiter dual-tone spectral range is priced at INR 89,825 ex-showroom Delhi and will be available across authorised TVS Motor dealerships.
The update incorporates design and functional changes, including colour-coordinated inner panels, a new seat finish, partial chrome mirrors and an integrated backrest. Lighting updates include sequential turn signal lamps, alongside the addition of a USB Type-C charging port. The model retains its 33-litre under-seat storage area, capable of holding two helmets and features the SmartXonnect system for navigation, call and SMS notifications.
The scooter is powered by a 113.3 cc single-cylinder, four-stroke engine producing 5.9 kW of power and up to 9.8 Nm of torque, supported by the TVS iGO Assist system for acceleration and fuel efficiency.
Aniruddha Haldar, Senior Vice-President — Head Commuter & EV Business and Head Corporate Brand & Media, TVS Motor Company, said, “Young and Urban Indian families are increasingly exposed to new experiences, design and technology, shaping their aspirations for everyday mobility. TVS Jupiter has played a pivotal role in India’s scooterisation journey, winning the love and trust of millions of families and earning its place as the ‘Scooter of India’. Over the years, it has evolved, bringing meaningful innovations while staying true to what families value. Building on its progressive design and feature-rich offering, the new TVS Jupiter dual-tone takes this journey forward with a more contemporary offering, featuring first-in-segment spectral colours, complemented by first-in-segment Sequential Turn Signal Lamps and much more. Together, these enhancements reaffirm TVS Jupiter’s commitment to being the preferred choice of mobility for today’s new-age, modern families.”
Jawa All Stars 42 FJ Launched At INR 201,942
- By MT Bureau
- August 26, 2026
Jawa Yezdi Motorcycles has launched Jawa All Stars at prices starting INR 201,942 (ex-showroom Delhi) for the Aurora Green and Red options, introducing new expressions of the Jawa 42 FJ motorcycle.
The company has positioned All Stars as a branding framework for its rider base, with the 42 FJ serving as the initial vehicle release under the initiative.
The motorcycle features aluminium tank panels, a 790 mm seat height, 178 mm ground clearance and a 12-litre fuel tank. Power comes from a 334-cc liquid-cooled DOHC single-cylinder engine producing 29.17 PS at 7,500 rpm and 29.62 Nm of torque at 5,500 rpm, paired with a six-speed gearbox and twin exhausts.
Anupam Thareja, Co-Founder, Classic Legends, said, “Jawa has always attracted riders who know exactly who they are. They have never followed trends for the sake of it, nor sought attention for making different choices. Over time, we realised there was a shared spirit that connected these riders. Jawa All Stars is our way of recognising and celebrating that spirit. It is a tribute to character, conduct, and courage, the values that have always felt inherently Jawa. The Jawa 42 FJ is the first expression of that philosophy, bringing it to life through contemporary design, performance, and a personality that is unmistakably its own.”
The vehicle chassis consists of a double-cradle frame, 41 mm telescopic front forks and gas-filled twin rear shock absorbers with five-step adjustable preload. Braking is handled by 320 mm front and 240 mm rear discs with dual-channel ABS, fitted to a 100/90-18 front tyre and 140/70 R17 rear tyre. Equipment includes a digital instrument cluster and LED lighting.
The Matte Black and Nebula Blue variants are priced at INR 207,942, while the Chrome edition is listed at INR 215,942. Retail distribution will operate across the company's network of more than 450 sales and service locations in India, supported by warranty coverage of up to four years or 50,000 kilometres.

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