Piaggio to roll out engines by 2009-end

New Delhi, Sept 30:Piaggio Vehicles will begin production at a diesel engine plant being built at Baramati by the end of 2009.

''We are creating the facility with a capacity of 2,00,000 engines. The progress is on schedule. The investment envisaged is in the region of 60 million euros,'' company's Chairman and Managing Director Ravi Chopra said.

The company plans to make engines for three-wheelers and four-wheelers at the facility, Mr Chopra said adding that capacity would be further expanded if there is demand.

He said the plant would meet domestic demand and also supply engines to the firm's Italian parent, best known for its Vespa two-wheeler.

UNI