To deal with pandemic blow, Piaggio to offer Vespa and Aprilia Scooters on lease

MUMBAI: Piaggio India, the maker of Vespa and Aprilia scooters, said that it will be offering its scooters on a lease, becoming the latest automaker to try the leasing option in the aftermath of the coronavirus pandemic.

The company has tied up with OTO Capital for the service and customers can lease the vehicles from dealerships through the OTO app. It would be first available in Pune and Bangalore.

"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," said Diego Graffi, chairman and managing director, Piaggio India.


Under the leasing model customers would have to pay only for the number of years they want to keep the vehicle and then return it anytime, the company claimed in a statement. Further, through the leasing option, one can even upgrade to a more premium model of Vespa and Aprilia in the same EMI budget.

Earlier, Maruti Suzuki and Toyota Kirloskar Motor had announced their own subscription and leasing plans post the coronavirus pandemic. Rivals Hyundai and Mahindra too offer similar services.