Two-wheeler gross sales of the Piaggio Group declined by 24.5 per cent within the second quarter of 2020.
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Like different manufacturers, the Piaggio Group’s international gross sales decline amidst the COVID-19 pandemic
The Piaggio Group has introduced its half-yearly numbers for 2020, and like with most different two-wheeler producers, Piaggio appears to be additionally going through stress as a result of ongoing COVID-19 pandemic. Within the first half of 2020, (January to June), the Piaggio Group offered 210,300 automobiles worldwide, a decline of 34.5 per cent over the 321,500 automobiles it offered in the identical interval a 12 months in the past. Piaggio reported consolidated internet gross sales of over 600 million Euros, a decline of 26.5 per cent from 817 million Euro within the first half of 2019. Web revenue for the primary half of 2020 is at 9.1 million euro, over 73 per cent decline from 34.6 million euro within the first half of 2019.
Additionally Learn: Piaggio Group Secures 60 Million Euro Loan To Fund R&D Efforts
Gross sales of scooters from the Vespa and Aprilia manufacturers stay robust within the US and EMEA markets
Piaggio’s worldwide two-wheeler gross sales, throughout Vespa, Aprilia and Moto Guzzi manufacturers stood at 1,63,000, a decline of 24.5 per cent from 2,15,900 items in the identical interval in 2019. Whereas gross sales within the Asia Pacific area managed to restrict the downturn with 9.6 per cent decline in gross sales volumes, the general decline arose largely from downturns in Europe, Middleast and Africa (EMEA) markets, in addition to American and the Indian market. India exhibited the sharpest fall of 58.four per cent gross sales over the identical interval final 12 months. EMEA and Americas markets confirmed a decline of 20.5 per cent gross sales.
Additionally Learn: Piaggio India Launches Online Sales Platforms For Vespa, Aprilia Brands
Piaggio India CEO & MD Diego Graffi with the Aprilia SXR 160 at Auto Expo 2020
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In line with Piaggio, the group confirmed its management within the European scooter section with a share of 24.1 per cent and maintained a powerful positioning within the North American scooter market, with a share of 23.9 per cent. In North America, the Group can also be consolidating its presence within the bike section with the Aprilia and Moto Guzzi manufacturers. The scooter section noticed a rise in Vespa gross sales in plenty of Asian international locations, most notably China. In India, the Piaggio Group has been on a strong progress trajectory over the previous few years. The Aprilia SXR 160, pictured above, is predicted to be the following Aprilia scooter to be launched in India.
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