The Piaggio Group

The Piaggio Group is Europe's largest manufacturer of two-wheeler motor vehicles and an international leader in its field. The Group is also a major player worldwide in the commercial vehicles market.
The Piaggio Group product range includes scooters, mopeds and motorcycles from 50cc to 1,200cc marketed under the Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi and Scarabeo brands. The Group also operates in the three- and four-wheeler light transport sector with its Ape, Porter and Quargo ranges of commercial vehicles.
The Group, with headquarters in Pontedera (Pisa, Italy), operates at an international level through production sites located in Pontedera, which manufactures two-wheeler vehicles under the Piaggio, Vespa and Gilera brands, vehicles for light transport for the European market and engines for scooters and motorcycles; in Noale and Scorzè (Venice), which produces Aprilia and Scarabeo brand two-wheeler vehicles; in Mandello del Lario (Lecco), which manufactures Moto Guzzi vehicles and engines; in Martorelles (Barcelona, Spain), which manufactures Derbi vehicles; in Baramati (in the Indian state of Maharashtra), which manufactures three- and four-wheeler light transport vehicles for the Indian market, engines and where a new production site for the Vespa is nearing completion; in Vinh Phuc (Vietnam), which produces scooters for the local market and ASEAN area. The Piaggio Group is also a 45% stakeholder in a joint-venture operation in China (in Foshan, in the Guangdong province) which, therefore, is not included in the Group's consolidated results.

Motorsports play a vital role for the Group's motorcycle production operations. The Group's brand portfolio includes names that have earned pride of place in the history of international motorcycle racing, which between them have notched up 99 world championships, with 49 for Aprilia, 21 for Derbi, 15 for Moto Guzzi and 14 for Gilera, plus over 500 race wins in World Motorcycle Grand Prix and Superbike Championships.

The Group operated throughout 2011 with a structure based on business segments, further divided into geographic segments of operation.
Its business segments are:

  • The Two-Wheeler segment, which included scooters, mopeds and motorcycles (including accessories and spare parts), sold under the Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi and Scarabeo brands;
  • The Commercial Vehicles segment, which included three and four-wheeler commercial vehicles (including accessories and spare parts) in the Ape, Porter and Quargo ranges.

Since 24 January 2012, the Group's organisation has been based on the geographic areas EMEA and the Americas, Asia SEA and India. The purpose of this new organisational structure is to:

  • Respond to different market needs more efficiently and effectively;
  • Maintain a strong focus on specific aspects of products;
  • Allow for organisational and operating synergies to optimise costs.

To give readers more information, the figures in this document refer to both the old and new organisational structure. Comments refer instead to the structure existing in 2011.