Help with Italian car badge

Hi guys, I’m looking for more information about this badge. It is an Italian automobile club badge, for use on the car. The letters mean something like REGIO AUTOMOBIL CLUB ITALIA, the presence of royal symbols and the fascio puts it in the 1920s - 1930s time frame. Made by C. Paccagnini, Milano. Can you tell me more about it? Especially, can you date it more precisely? Thank you very much cool militaria


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