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1999: LML promoters buy Piaggio’s 26% stake in the JV While the new Vespa scooters will be redesigned for India and fitted with four-stroke engines, the smaller engine capacity Aprilia will have more fuel-efficient engines.Currently, Piaggio makes the Ape brand of three-wheelers at Baramati, Maharashtra. It will launch light commercial vehicles shortly. The upcoming four-wheeler Quargo is based on the commercial Piaggio Porter minivan. Piaggio sold over 1 lakh Vespa scooters in 2006....
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