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Piaggio Forms Indonesian Subsidiary
With the new PiaggioVespa LX125 and LX150 as well as the Piaggio Liberty 150 and Zip 100 scooters from the Vietnamese production facility.
The Piaggio Group plans to form a network of 35 dealers through 2011 with the goal of increasing its network to 150 dealers by 2013.
Press release after the jump.
Piaggio Group enters the indonesian market with a new company
PT. Piaggio Indonesia
With 7,400,000 units sold in 2010 and an expected 10% growth in 2011, Indonesia is the
The incorporation of Piaggio Indonesia was announced today in Jakarta by Roberto Colaninno, the Piaggio Group Chairman and CEO, during an inauguration ceremony attended by Fauzi Bowo, the Governor of Jakarta, and by the Italian Ambassador to Indonesia, Roberto Palmieri. The event, which attracted the major Indonesian dealers of the Piaggio Group and the local press, was attended also by Costantino Sambuy
Before the event, Roberto Colaninno met the Indonesian Minister of Economic Development, Gita Wirjawan
first Vespa flagship store in Malaysia (January 2011), and the goal is to reach 20 stores by the end of the year. In March, the Group began commercial operations also in Thailand by distributing the Vespa and Piaggio ranges through an exclusive distributor. More recently, it has opened in Taiwanthe largest Vespa flagship store in Asia, in partnership with the Taiwanese distributor of Taikoo Motors cars.
The Company PT. Piaggio Indonesia will distribute in the Indonesian market the ranges of Vespa (LX 125 and 150) and PiaggioPiaggio Forms Indonesian Subsidiary | Motorcycle Blog: The Sidecar
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