Piaggio India 2 wheelers enters into scooter leasing with OTO Capital

Offers lucrative leasing options for Vespa and Aprilia range of scooters in Pune and Bangalore

Mumbai, 8th September 2020: Piaggio India today announced its partnership with OTO Capital to bring vehicle leasing option for Vespa and Aprilia range of scooters in Pune and Bangalore. Through this attractive and lucrative leasing option, customers can now enjoy the premium Italian riding experience on Vespa or Aprilia scooter for low down payment and with 30 per cent discount on the EMI. Customers can reap benefits of the special offer – up to INR 2500 completely waived off on the first month’s subscription fee. They also have the option to upgrade or own the scooter at the end of the tenure. In addition, customers can avail the swift and paperless leasing process across Vespa and Aprilia dealerships through the OTO app.

The merit of this new ownership model lies in the fact that one would have to pay only for the number of years they want to keep the vehicle and then return it anytime, thereby paying less and gaining more on their favourite Vespa and Aprilia models. Further, through the leasing option, one can even upgrade to a more premium model of Vespa and Aprilia in the same EMI budget.

In the same line, employees of corporates who have tied-up with OTO Capital can enjoy hassle free leasing of Vespa and Aprilia scooters and secure flexible ownership plans, that also provides them with additional tax savings.

Commenting on the association with OTO Capital, Mr. Diego Graffi, Chairman and MD, Piaggio India said, “We welcome the partnership with OTO Capital to facilitate this new model of ownership. Now, our discerning customers can enjoy interesting ownership options across our premium offerings of Vespa and Aprilia. We see flexible ownership to be a desirable new trend amongst the youth of India and we believe, Vespa and Aprilia would lead it to extend the premium experience to the aspirants.”

Vespa recently launched the special-edition Racing Sixties and has also introduced new facelift BS6 range. On the other side, Aprilia introduced the 160 CC SR range with BS6 and has recently launched the Storm Disc brake and Digital cluster model.

About Vespa:

Piaggio invented the Vespa in 1946. Having successfully established itself in the world-wide two-wheeler segment, Vespa was launched in India in April 2012. The Company has a state-of-the-art plant in Baramati, Maharashtra, where it manufactures the iconic Vespa alongside the newly launched Aprilia SR 160 and also manufactures a range of 3 and 4 wheeled commercial vehicles at a separate manufacturing facility in Baramati.

About Aprilia:

Aprilia was born into racing and is the real sporty flagship brand for Piaggio Group. With 294 Grand Prix races won in Road Racing World Championship, Aprilia holds the record for the most wins of any European manufacturer in the history of maximum motorcycle competitions. These are joined by an impressive 54 world titles: 38 in Road Racing World Championship, 7 in Superbike and 9 in Off Road disciplines. The company has a state-of-the-art plant in Baramati, Maharashtra, where it manufactures the iconic Vespa, Aprilia SR range, and lately it updated its differentiated Vespa and Aprilia range to BS6.