Piaggio has firmed up plans to re-launch Vespa scooters in India. With the approval of Directors, Paiggio will set up a new plant in India and roll out products for the Indian market. The euro 30 million plant will produce 1,50,000 units annually. The production will mainly cater to the domestic market. Piaggio has not commented anything on exporting scooters from India. Honda and Mahindra2wheelers are the dominant players in the Indian scooter market. It will be interesting to see how these manufacturers respond to Vespa re-launch.