Latest news with #PiaggioGroup
Time of India
24-07-2025
- Automotive
- Time of India
Piaggio launches new Ape Electrik models starting at ₹3.30 lakh
Piaggio Vehicles Pvt Ltd (PVPL), the Indian arm of the Italian auto major Piaggio Group, has expanded its electric vehicle portfolio with the launch of two new three-wheeler passenger models — the Apé E-City Ultra and the Apé E-City FX Maxx . The Apé E-City FX Maxx is priced at ₹3,30,000 (ex-showroom), while the Apé E-City Ultra is priced at ₹3,88,000 (ex-showroom). Both models will be available through Piaggio dealerships across India. The new models are equipped with full-metal body construction, intelligent telematics, and category-leading warranty coverage, the company's statement said. Features The Apé E-City Ultra is positioned as a premium electric three-wheeler with a certified range of 236 km, peak power of 9.55 kW, 45 Nm torque, and a top speed of 55 kmph. It features climb assist mode, 28 per cent gradeability, and a 10.2 kWh LFP battery for quicker charging and extended battery life. Meanwhile, the Apé E-City FX Maxx offers a certified range of 174 km, powered by a 7.4 kW motor, with 30 Nm torque and an 8.0 kWh battery that uses prismatic cell technology for reduced battery degradation and consistent energy output. The FX Maxx also features smart energy monitoring and a robust drivetrain for daily operations in demanding environments. Diego Graffi, Chairman and Managing Director of Piaggio Vehicles said, 'India is undergoing a major shift towards electric mobility, and three-wheelers are leading this transformation. Our new Apé E-City Ultra and FX Maxx deliver best-in-class range, low degradation, and strong economics. These vehicles are not just products but tools for economic empowerment.'
Yahoo
04-03-2025
- Automotive
- Yahoo
Vespa maker Piaggio posts record margin despite 'anomalous' economy
(Reuters) - Italy's Piaggio, the maker of the iconic Vespa scooter, reported what it said was its highest ever annual core profit margin of 16.9% on Tuesday, citing tight productivity management. That was despite a 12% fall in its 2024 earnings before interest, taxes, depreciation and amortisation (EBITDA) in absolute terms to 286.7 million euros ($302.4 million). "The Piaggio Group achieved excellent margins in 2024 thanks to careful management of productivity in a highly anomalous economic situation," CEO Michele Colaninno said in a statement. "2025 will be characterised by many variables but at the same time it will show an improvement compared with last year," Colaninno added. Piaggio proposed a payment of final dividend of 4 euro cents for 2024, which would bring the total payout for the year to 15.5 euro cents per share. ($1 = 0.9481 euros)
Reuters
04-03-2025
- Automotive
- Reuters
Vespa maker Piaggio posts record margin despite 'anomalous' economy
March 4 (Reuters) - Italy's Piaggio ( opens new tab, the maker of the iconic Vespa scooter, reported what it said was its highest ever annual core profit margin of 16.9% on Tuesday, citing tight productivity management. That was despite a 12% fall in its 2024 earnings before interest, taxes, depreciation and amortisation (EBITDA) in absolute terms to 286.7 million euros ($302.4 million). "The Piaggio Group achieved excellent margins in 2024 thanks to careful management of productivity in a highly anomalous economic situation," CEO Michele Colaninno said in a statement. "2025 will be characterised by many variables but at the same time it will show an improvement compared with last year," Colaninno added. Piaggio proposed a payment of final dividend of 4 euro cents for 2024, which would bring the total payout for the year to 15.5 euro cents per share. ($1 = 0.9481 euros) Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
