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.”
Motoverse 2025 To Be Held In Goa From 21st November
- By MT Bureau
- August 20, 2025

Goa will host Motoverse 2025, an annual moto-culture festival, from November 21–23, 2025. The event is a gathering for riders, enthusiasts and industry professionals.
Motoverse 2025 will feature custom motorcycle builds and new innovations, including the Flying Flea and the Himalayan Electric test bed. The festival plans to debut new products and initiatives. A structured club championship will be introduced for the Dirt Track events. The Art of Motorcycling will conclude with a finale and the Motoreel stage will host industry figures and adventurers.
The festival will incorporate a split-stage music format. The Main Stage will feature acts like Hanumankind, The Yellow Diary and Parvaaz. The lineup includes a collaboration between Kutle Khan and Karsh Kale. The festival also announced its first international electronic music act. The Hilltop Stage will highlight a new generation of independent artists.
A new concept, Motohub, will provide a dedicated space for riders to connect. It will feature film screenings and interactive zones. The event will also offer group registration incentives for riding crews to promote community participation. Motoverse 2025 will conclude with an awards ceremony recognizing achievements within the motorcycling community.
Hero Glamour X 125 Motorcycle Launched At INR 89,999
- By MT Bureau
- August 19, 2025

Hero MotoCorp has launched the all-new Glamour X 125, positioning it as India’s ‘most futuristic’ 125cc motorcycle at prices starting INR 89,999 (ex-showroom Delhi) for the Drum brake variant and INR 99,999 (ex-showroom Delhi) for the Disc brake variant.
The company said the launch of Glamour X follows the success of the Xtreme 125R, which now features several first-in-segment innovations, including the world’s first Low Battery Kick Startability, powered by the new AERA (Advanced Electronic Ride Assist) Tech. The bike also introduces a Ride-by-Wire system for precise throttle control, Cruise Control for relaxed long-distance riding, and three distinct ride modes – Eco, Road and Power. Additionally, a Panic Brake Alert system enhances safety by warning trailing vehicles during emergency stops.
From a design perspective, the Glamour X 125 has a muscular stance with sharp lines and a signature 'H' full LED lighting package. The advanced Multi-Colour LCD instrument cluster includes Bluetooth connectivity, Turn-by-Turn Navigation and a gear position advisory.
Powering the motorcycle is the new Sprint-EBT engine, which produces 11.4 BHP at 8250 RPM. This engine is designed for a combination of performance, refinement, and fuel efficiency, featuring a silent cam chain and a balancer shaft to minimise noise and vibration. The bike also offers a comfortable riding position with a wide handlebar, enhanced pillion comfort, and a USB charging port.
Ashutosh Varma, Chief Business Officer, Hero MotoCorp’s India Business Unit, said, “The 125cc segment continues to be a growth engine for the motorcycle industry, attracting both the aspirational first-time buyers and value-conscious upgraders. While the Xtreme 125R leads in performance and the Super Splendor in fuel efficiency; the new Glamour X introduces innovative technology, first-in-segment features, and a bold new striking design. This strategy expands the brand’s reach across various sub-segments; boosting volumes and market share while further strengthening the company’s leadership.”
Bajaj Auto's Chetak celebrates India's 79th Independence Day with 'The Great Indian Ride'
- By MT Bureau
- August 17, 2025

Pune-headquartered automotive major Bajaj Auto marked India's 79th Independence Day with 'The Great Indian Ride', an event that brought together Chetak riders for a cultural parade in Bengaluru on 16 August 2025. The ride was a celebration of patriotism and heritage, uniting generations of riders.
More than just a scooter rally, the company stated that 'The Great Indian Ride' was a tribute to the values that have shaped both India's progress and the Chetak's legacy of innovation. A diverse group of riders, including Chetak owners, brand friends and influencers, rode through historic routes like MG Road and Netaji Road, making stops at national landmarks such as Freedom Park. The riders were dressed in traditional Indian attire with tri-colour motifs, bringing the city to life.
The ride concluded with a memorable finale. All the Chetaks were parked to form the number '79', and the national flag was hoisted, creating a striking visual from a bird's eye view. The event established the Chetak as a cultural movement rooted in Indian values, rather than just a product. It was designed to be visually iconic and emotionally resonant, redefining the role of scooters in Indian mobility by associating them with pride and national identity.
India Yamaha Motor Upgrades 125cc Fi Hybrid Scooter Range With New Features & Colour Options
- By MT Bureau
- August 14, 2025

India Yamaha Motor, one of the leading two-wheeler manufacturers in the country, has updated its 125cc Fi Hybrid scooter range with new features and colour options.
The company’s hybrid scooter lineup now features the ‘Enhanced Power Assist’ function, which delivers high torque, stronger acceleration and performance. Powered by a high-performance battery, the function allows users to squeeze more power from the scooter, which will be useful when starting from standstill, carrying loads or climbing inclines. The scooters continue to be equipped with the Smart Motor Generator (SMG) technology, Silent Start and Stop & Start System (SSS) tech.
Furthermore, the Fascino S scooter now features a Colour TFT Instrument Cluster equipped with Turn-by-Turn (TBT) Navigation, using smartphone connectivity through the Y-Connect app. It is also integrated with Google Maps to support Turn-by-Turn (TBT) navigation.
In terms of colour options, the Fascino S 125 Fi Hybrid, is now available in Matte Grey colour option, while the disc-brake variant gets Metallic Light Green and drum-brake variant gets Metallic White options. Alongside, the RayZR 125 Fi Hybrid Street Rally is offered in a Matte Grey Metallic hue, and the RayZR 125 Fi Hybrid disc variant features a Silver White Cocktail shade.
Itaru Otani, Chairman, Yamaha Motor India Group, said, “Yamaha’s 125cc Hybrid scooter range has consistently delighted customers with its dynamic styling, superior comfort, and fuel-efficient performance. The introduction of the new ‘Enhanced Power Assist’ function marks another step forward in enhancing everyday riding convenience and instilling greater confidence among commuters.”
“Further elevating the appeal, the launch of new colour variants brings a refreshing vibrancy to the entire scooter lineup. These updates are a direct reflection of the insightful feedback received from customers through our various engagement platforms. We are confident that these thoughtful upgrades will resonate strongly with our customers and continue to strengthen Yamaha’s presence in the 125cc scooter segment,” he said.
The scooters continue to be powered by Yamaha’s air-cooled, fuel-injected (FI) and 125cc Blue Core Hybrid engine. The Fascino S and RayZR Street Rally variants additionally offer the Answer Back feature and LED Daytime Running Lights (DRL).
Product |
Starting price in INR |
Fascino S 125 Fi Hybrid (Colour TFT/ TBT) |
102,790 |
Fascino S 125 Fi Hybrid |
95,850 |
Fascino 125 Fi Hybrid |
80,750 |
RayZR Street Rally 125 Fi Hybrid |
92,970 |
RayZR 125 Fi Hybrid |
79,340 |
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