Commercial Vehicles*

Europe

In the first half of 2013, the European market for light commercial vehicles (vehicles with a maximum mass of up to 3.5 tons) where the Piaggio Group operates, accounted for 679,969 units sold, down 6.6% compared to the same period in 2012 (estimate of ACEA data January-May 2013). This downturn was due both to the trend of the Van segment and to Piaggio's reference segment - Chassis Cabs. In detail, the downswing affected all main European reference markets: Germany (-9.6%), France (-9.2%), Spain (-9.0%) and Italy (-22.5%).

India 

Sales on the Indian three-wheeler market, where Piaggio Vehicles Private Limited, a subsidiary of Piaggio & C. S.p.A. operates, went up from 241,400 units in the first half of 2012 to 244,800 in the same period of 2013, registering a 1.4% increase.

Within this market, the passenger transport vehicles segment continued its growth trend, selling 197,700 units, up 2.9%, while the cargo segment reported a downturn of 4.3%, with sales falling from 49,200 units in the first half of 2012 to 47,100 units in the same period in 2013. The traditional three-wheeler market is flanked by the four-wheeler light commercial vehicles (LCV) market (cargo vehicles for goods transport) where Piaggio Vehicles Private Limited operates with the Porter 600 and 1000. The LCV cargo market, with vehicles with a maximum mass below 2 tons and where the Porter 600 and Porter 1000 compete, accounted for 108,300 units sold in the first half of 2013, falling by 15.6% compared to the same period of 2012.

* ACEA data for Europe, SIAM data for India; data for both markets were estimated on the basis of January - May data