Lambretta to return back to India - Bygone era revival! Brand Lambretta is to soon begin a new journey in the Indian market. The plant is to be located at Manesar, Haryana and production will begin by 2023. The plant will have an installed capacity of 100,000 scooters per annum.
Lambretta scooters were tough, sturdy and were well acclimatised to our Indian road and usage conditions. These old examples are still much in demand and the asking prices are multiplying with the passage of time. Thousands of these (also incl Vijais and variants) have been exported to the U. K. and Italy from India due to the nostalgia revival and craze for the design and brand there, as it was once too much sought after.
The export of old Lambrettas and Vijais have been discussed on this link:- https://www.team-bhp.com/forum/post-...s-shine-3.html (Lambretta-Vijai racket | Exporters make hay while Lambrettas / Vijais / Vespas shine) Quote:
Innocenti SA will bring in a range of high-powered scooters - G, V and X models with capacities between 200 and 350 cc in 2023. It will eventually add an electric scooter in 2024.
Walter Scheffrahn, who owns the Lambretta Brand globally and a Member of Board, Innocenti SA, in his first interview to Indian media told ET that the group will invest over $200 million in the next five years with the Bird Group to capture the Indian market.
“The brand has its soul in India and it has tremendous affinity amongst the masses. We want to re-create the magic of the past. We aim to make it a Ferrari of scooters in India with our top-end range,” added Scheffrahn.
Hence, the vehicles will be really high end and its most accessible product, too, may be at a premium of at least 20% over the most expensive scooters.
The joint venture company will be 51% owned by Lambretta, with the balance 49% by Bird Group.
Founded in 1971, Bird Group has businesses that include travel technology, airport ground handling services across city airports, India's only private jet terminal at IGI, the Roseate brand of hotels and resorts and BMW dealerships under Bird Automotive.
The Lambretta is currently sold in nearly 70 countries, with a manufacturing footprint in Europe and South East Asia. The plant in India is expected to be its biggest and the European brand will be utilizing the plant for the exports market.
On the rights of the brand for the Indian market, Scheffrahn said the issue will be settled shortly. "Innocenti is the undisputed owner of the global trademark rights of Lambretta. We would not risk such substantial investments if there was any ambiguity,” he said. |
The link for details:- https://m.economictimes.com/industry...w/93958109.cms
The present production of Lambrettas is 100,000 units per annum worldwide and the Indian market is expected to have a demand of 100,000 according to them and maybe they could make India an export hub for Asia soon after. After its entry with scooters to be assembled with imported kits, indigenisation to follow soon after will be on the cards.
But going by the track record of Piaggio's Vespa's and Aprilia's sales in India, Lambretta needs to learn some lessons. Vespa was once much sought after till the 1990's (as Bajajs and LML's too) but in the present day market scenario, Vespas don't have a great demand. The Indian market conditions are not as easy as it was in the iron curtain era of the late 1950's, 60's and 70's when Vespa/Bajaj and Lambretta dominated the market with a total share of nearly 95-100%. Other brands were relegated to history soon or some years after launching. Japanese and Indian brands are dominating the commuter scooter scene. Lambretta will market premium products that will compete with Aprilia and a higher segment.
Hopefully, the company will do more market research before making very optimistic statements about their product and its potential market.
Last edited by anjan_c2007 : 3rd September 2022 at 12:09.
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