The Chairman and MD of Piaggio (India) is optimistic about growth in the e-3W segment, while also saying government incentives will be crucial to maintain the category’s growth trajectory in the future.
09 Oct 2024 | 498 Views | By Mayank Dhingra
Piaggio, which was one of the early entrants into the electric 3W segment in India with the Ape e-City in 2019, is eyeing strong growth in the category, driven by low acquisition and operational cost as well as driver demand.
The company is witnessing up to 25% of its ...
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Piaggio, which was one of the early entrants into the electric 3W segment in India with the Ape e-City in 2019, is eyeing strong growth in the category, driven by low acquisition and operational cost as well as driver demand.
The company is witnessing up to 25% of its total production for e-3Ws. In this video, Diego Graffi, Chairman and Manging Director, Piaggio Vehicles (India,) talks about the market opportunity to bring a variety of e-3Ws as well as the company's push for battery swapping technology.
Graffi also emphasises on the importance of government incentives for the e-3W segment and says that incentives will give stability to the demand for the next 2-3 years. “Then, it will not be a dream to see the penetration of e-3Ws go much beyond that what we see right now.”