Vespa Maker Piaggio’s Nine-Month Profit Rises 18%
The Italian group reports sales of 388,800 vehicles through September, helped by growth in India and the Americas.
Italy’s Piaggio, maker of the Vespa, reports a nine-month net profit of €37.3 million, up almost 18%, with sales of 388,800 vehicles and India volumes up 31%.
Piaggio, the Italian motor vehicle group known for the Vespa scooter, reported net profit of €37.3 million ($41.8 million) for January to September 2026, up almost 18% from €31.7 million a year earlier, according to Reuters.
Sales and Markets
Piaggio sold 388,800 vehicles through September, about 12% more than a year earlier.
Volumes in India rose 31%, and growth was also driven by a larger presence in the Americas.
Its European market share held steady at 17.8%.
Management View
CEO Michele Colaninno said Piaggio’s production and commercial sites worldwide help offset high energy, freight and raw material costs. The company gave no precise forecast for 2026, saying its guidance is closely linked to a level of geopolitical and economic stability that could support consumer spending.
About Piaggio
Founded in 1884 in Genoa, Piaggio launched the Vespa in 1946. More than 19 million Vespas have been sold in over 140 countries.
Related stories
AutomobilesIs This the End of Tesla Cybertruck? Musk Reveals Major Production Shift for 2027
AutomobilesFBR Proposes 72-Hour Rule for Vessel Import Reports
AutomobilesAuto Policy Proposes 1% Sales Tax on EVs, Revenue Plan
AutomobilesChinese Firm Signs Joint Venture to Set Up EV Plants in Punjab
AutomobilesIMF Calls for End to Sales Tax Concession on Electric Vehicles in Pakistan
Automobiles