The Vespa 946 Horse has arrived at an Italy motorcycle brand store on Le Duan street, Hanoi. This special edition is dedicated to the Year of the Horse (Binh Ngo), observed in many Asian countries including Vietnam, according to the lunar calendar.

The Vespa 946 Horse, a special edition for the Binh Ngo Year, is showcased at the brand's store on Le Duan street, Hanoi. Luong Dung.

The 946 Horse 150 is priced at 550 million VND. Luong Dung.

Only 33 units of the 946 Horse edition were imported to Vietnam, part of a global limited production of 888 scooters. Luong Dung.

The 946 Horse features a deep brown paint finish. Luong Dung.

A gold-plated horseshoe logo, encompassing the letter V (for Vespa), is located beneath the seat. Luong Dung.

The seat is upholstered in premium leather. Luong Dung.

According to parent company Piaggio, the 946 Horse is a global limited edition of 888 units. For the Vietnamese market, the Italy brand imported 33 units, as confirmed by a sales representative. The specific 946 Horse model featured in this article bears the serial number 200, located on its fuel tank.

The 2026 Horse special edition is distinguished by a gold-plated horseshoe emblem beneath the seat, featuring the letter V at its center. Its front brake calipers are gold-plated, enhancing the scooter's aesthetic. The seat is upholstered in leather with contrasting yellow stitching. Additional leather accents are found on the handlebars and mirror stems. The 946 Horse sports a unique deep brown finish.

The 946 Horse, serial number 200, is powered by a 155cc, single-cylinder, 4-stroke, 3-valve, air-cooled engine. It rides on 12-inch wheels. Safety features include disc brakes on both wheels, complemented by a two-channel anti-lock braking system (abs) and anti-slip regulation (asr).

Standard equipment includes a digital instrument panel and led lighting. It features two-tone multi-spoke cast wheels. The 946 utilizes a steel monocoque frame, integrated with aluminum components such as the wheels, handlebars, side panels, front fender, mirror supports, and seat support. Its front suspension consists of a single-sided fork with a coil spring and a single shock absorber. The rear features a single hydraulic shock absorber with 5-level preload adjustment.

The 946 Horse comes standard with an led lighting system. Luong Dung.

The lcd instrument cluster. Luong Dung.

Control buttons on the right handlebar cluster. Luong Dung.

Leather-wrapped mirror stems with contrasting yellow stitching. Luong Dung.

The scooter is equipped with a mechanical lock system. Luong Dung.

The front wheel features a gold-colored disc brake caliper. Luong Dung.

The premium leather seat. Luong Dung.

The fuel tank cap is located under the seat. Luong Dung.

The decal indicating the 200th 946 Horse unit and the horseshoe logo. Luong Dung.

The rear brake caliper is adorned in gold. The 946 Horse is fitted with a 150cc, single-cylinder, 4-stroke, 3-valve, air-cooled engine. Luong Dung.

The 946 Horse features a spacious footrest. Luong Dung.

In Vietnam, the 946 Horse is priced at 550 million VND, imported directly from Europe. This price is 90 million VND higher than the 946 Snake edition from 2025. The 946 Dragon edition, released in 2024, was priced at 455 million VND, while the 946 Bunny edition from 2023 cost 425 million VND.