Taiwan Vespa Company

This is a Japanese market Vespa 125ES. It differs from the Taiwanese market ones in that it has 2 Hella bar-end indicators rather than 4 on the body.

Note that this 125 has the four-bolt steel wheels of the 50, 90 and 100

A more rounded headset with unique headlight and rim

Unique speedometer, and the headset shape is also different here

Although a 125 there is no side-locker, just like the 50, 90 and 100

Regular Piaggio style, but a unique badge