MILAN: Italian auto company Piaggio, manufacturer of the iconic Vespa scooter, is to start production in India as part of plans to expand its operations on Asian markets, the company said on Friday.
In its 2009-2012 strategic plan, the company said it would "produce also in India" after opening a Vespa scooter plant in Vietnam last month.
The group said it planned to invest between 90 million and 100 million euros (126 million and 140 million dollars) a year around the world over the next four years and would aim to increase its turnover by 20 per cent by 2012.
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