Piaggio Group reports sales down-turn despite Italian e-bike boom

PONTEDERA, Italy - Italian two-wheeler and commercial vehicle supplier, the Piaggio Group has reported consolidated net sales of around €1.31 billion in fiscal 2020, down 13.6% year-on-year. The “disappointing” sales are attributed to corona–related closures and not profiting from the following peak. Having taken a side-step from scooters to e-bikes in 2015, what does these mean for the future of the Wi-Bike?
Piaggio will roll into the 2021 season with 2020 models from its Wi-Bike range. - Photo Piaggio