NEW DELHI, Nov 28 (Reuters) - Italy's Piaggio, maker of the famous Vespa scooter, said on Friday it planned to buy parts worth over 10 million euros a year for a new generation of quadracycle it will launch in Europe by September 2004. "Component manufacturing in India, in our experience, is 35 percent to 45 percent more cost-effective than in Europe, making the final product much more competitive," Rocco Sabelli, Piaggio's chief executive, told an India-EU business meeting. "India is on ...
Premium Content (PAID Subscription Required)
"Italy's Piaggio to buy auto parts from India" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.