Piaggio Launches Apé Xtra LDX with 230cc Engine and Enhanced Warranty

Key Highlights

• Piaggio launches Apé Xtra LDX with 230cc air-cooled 3-valve engine
• Model offers a 5.5-foot deck and 36 months or 1,00,000 km warranty
• Piaggio Group net sales rose 11.3 percent to EUR 1,172 million in H1 2023
• Tripathi appointed to lead EV and export business for Piaggio India
• Michele Colaninno named Chief Executive Officer of Piaggio Group

Key Features of Apé Xtra LDX

The Apé Xtra LDX is designed for commercial use, focusing on durability and efficiency. The 230cc engine supports heavy-duty operations, while the long deck increases cargo capacity. Piaggio highlights the model's low maintenance needs and competitive fuel economy, making it a practical option for business owners.

The warranty coverage of 36 months or 1,00,000 km sets a benchmark in the segment. This extended warranty aims to reduce ownership costs and boost customer confidence in the product's reliability.

Piaggio Group Financial Performance

For the six months ending June 30, 2023, Piaggio Group reported consolidated net sales of EUR 1,172 million. This marks an 11.3% increase compared to EUR 1,053.1 million in the first half of 2022. The growth reflects the company's expanding presence and strong product performance in the market.

Leadership Changes at Piaggio

Piaggio India has appointed Tripathi to oversee Sales, Service, Marketing, and Business Development for electric vehicles and exports. This move is part of the company's strategy to strengthen its position in the evolving mobility sector.

Globally, Michele Colaninno, previously director and chief executive of global strategy, product, marketing, and innovation, has been named Chief Executive Officer. These leadership changes are expected to support Piaggio's growth and innovation goals.