Piaggio, the fourth largest producer of scooters and motorcycles in the world, Piaggio produces more than 600,000 vehicles annually, with five research and development centers, more than 6,700 employees and operations in over 50 countries.

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They finally announced that they have revised the price of the Vespa LX125, lowering it by around Rs. 7000/-. The 2013 model of the Vespa LX125 is now priced at Rs. 59,990/- (ex-showroom, Pune). The Italian lifestyle scooter manufacturer said that due to completion of the localization process and a higher production they could revise the price and share the benefits with the customers. With a lot of interest in India for the coveted and highly stylish scooters, this will go down well with the Indian customer.

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