Piaggio Group: the launch of eleven new two-wheeled models in 2021

The draft budget for the year was examined and approved 2020 of the Piaggio Group by the Board of Directors of Piaggio & CSpA (PIA.MI). Consolidated revenues and a second half of 2020 growing by 1,3%, compared to the second half of 2019, as emerged on the occasion. Speaking of two wheels alone, up to 31 December 2020 the Group sold 384.700 units globally and in 2021 is scheduled on launch of 11 new models.

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Il 2020 was archived with better than expected results, both in Europe and on the Asian markets, considering the impact of the still ongoing pandemic and the effectiveness of the Group's response.
Overall, considering all areas, as at 31 December 2020 the Piaggio Group sold 482.700 vehicles worldwide, compared to the 611.300 recorded in 2019. Even keeping in mind the health emergency, volumes grew by 9,4% in the market Asia Pacific 2W, compared to a decline in EMEA - Americas and India of 1,7% and 49,6% respectively.
In 2021, the year in which the centenary of Moto Guzzi and the 75 years of Vespa are remembered, as mentioned, the launch of eleven new two-wheeled models and a new light commercial vehicle, but also the creation of a new e-mobility department in Pontedera, starting a new plant in Indonesia and the entire renovation of the production site and related museum areas Moto Guzzi.

Last year the Group further strengthened its leadership in the two-wheeler sector in Europe, reaching an overall share of 14,2%, given an increase in motorcycle sales and results in the scooter segment with a share of 24,0%. Leadership in the scooter market has also been strengthened in North America, from a previous share of 23,7% to 28,2% in 2020. Work is also underway to consolidate the presence on the motorcycle front with the Aprilia and Moto Guzzi brands.
Speaking of scooters, sales volumes increased by almost 40%. Piaggio Medley. The progress of the Vespa brand was also good, given the growth in volumes of over 20% in Germany, Holland, the Americas and several Asian countries, especially in the Chinese market. Moving on to the motorcycles, highlighted Moto Guzzi V85 TT e Moto Guzzi V7, but also sportswomen Aprilia RSV4 and the new Aprilia RS 660, in addition to the growth of the compact range Aprilia SX.

Photo: Piaggio Group