Peugeot Motocycles, the oldest scooter maker in the world, which celebrated its 210th anniversary in 2020, has reported success in geographic expansion, cost management and new product launches.
Launched e-Ludix and Metropolis in 2020
China has become the second largest market for the brand
No financial figures have been shared
In 2018, Peugeot Motocycles had outlined a development and growth plan – Performance 2020 – built on three key pillars – geographic expansion, cost management and new product launches. In a challenging CY2020, the Mahindra Group-owned Peugeot Motocycles says it has successfully delivered on all three priorities of the plan. However, the company has not revealed specific sales numbers of its product portfolio.
The major highlights of 2020 included the launch of two new vehicles: Peugeot e-Ludix, an electric version of the classic Peugeot Ludix,…