PIAGGIO GROUP RAMPS UP COMMERCIAL OPERATIONS IN THAILAND

SINGAPORE, March 24 (Bernama) -- The Piaggio Group, the largest European
manufacturer of two-wheeled motor vehicles announced the expansion of its
commercial operations in Thailand Thursday.

The group, one of the world's leaders in its sector will launch the Piaggio
brand, a first for the Thailand market, at the opening of the 32nd Bangkok
International Motor Show.

In a statement, the group said it will also begin exporting its Piaggio
scooters and the iconic Vespa range in Thailand through its exclusive
distributor Vespiario (Thailand) Co., Ltd.

Piaggio is Europe’s manufacturer of premium powered two-wheelers, and its
iconic Piaggio and Vespa models are synonymous with superior technology and
design, reflecting its Italian heritage of quality.

Costantino Sambuy, Executive Vice President of the Piaggio Group’s Asia
Two-Wheeler business said, "Under our business plan, we will focus on
strengthening our commercial operations in Asia through new products, with
Thailand being one of our key markets."