The Italian company Piaggio Vehicles Pvt Ltd (PVPL), a wholly owned subsidiary of the Italian Piaggio Group, recently reached the important milestone of delivering over 10,000 electric vehicles (EVs) in the year 2022. PVPL is India’s top manufacturer of small commercial vehicles and a pioneer in 3-wheeler electric mobility.

In 2019, Piaggio Vehicles, a pioneer in the three-wheeled commercial electric vehicle market, unveiled Apé Electrik in India, the country’s first three-wheeled commercial electric vehicle. With a market share of over 40% ever since, PVPL has continued to dominate the L5 category. In the industry, Apé Electrik provides the widest selection of products in the 3W electric range in both fixed and swappable battery solutions.

Speaking about the milestone, Mr Diego Graffi, Chairman and Managing Director, of Piaggio Vehicles Pvt Ltd said, “India’s acceptance and rate of adoption of EV technology have been tremendous. Over the last three years, we have established that the benefits of switching to 3-Wheeler EVs are immense and it reaps maximum savings for entrepreneurs and B2B businesses. Our 3-Wheeler EV product prowess ensures we set industry benchmarks as we continue to make
significant contributions to India’s EV infrastructure. Delivering over 10,000 Apé Electrik vehicles is a momentous feat and I look forward to delivering over 20,000 in 2023.”

About Piaggio

The Piaggio Group’s wholly owned subsidiary Piaggio Vehicles Pvt. Ltd. With the launch of the three-wheeler brand Apé, which was an instant hit and has continued to gain strength over time, the Company began operations in India in 1999. The market for diesel and alternative fuel 3-wheelers was established by PVPL also helped to expand the market and maintain its leadership. In addition to offering a full line of three-wheelers in diesel, petrol, CNG, and LPG fuel variants, Piaggio is a market leader in the light transportation sector.

Over 3.0 million happy customers across India have endorsed the company’s products, which are also exported to more than 50 other nations. In Maharashtra’s Baramati, Piaggio has a cutting-edge manufacturing facility with an installed annual production capacity of more than 3,80,000 commercial vehicles and 1,50,000 two-wheelers. With its cutting-edge engine plant and a capacity for 200,000 engines, it is also self-sufficient in some categories of engine. Over 4,000 people work for Piaggio, including seasoned engineers, R&D experts, plant workers, sales, service, and marketing professionals.

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