The Indian market regained strength to report a rise of almost 40% in turnover for commercial vehicles, with sales volumes increasing by more than 20%. The PVPL subsidiary had an overall share of 19.9% of the Indian three-wheeler market and maintained a strong position in the Cargo segment with a share of 32.7%.
The Ape’ HT Range includes Petrol cargo - Ape’ Xtra HT CNG cargo - Ape’ Xtra HT LDX and Ape’ Xtra HT LDX+ CNG passenger - Ape’ Auto HT DX, Ape’ Auto HT DXL and Ape’ Auto+ HT. The vehicle models are priced between INR 2.25 lakh and INR 2.56 lakh
The Experience Centre will allow customers to access Piaggio’s entire range of electric vehicles.
As the company says, the new scooters come with advanced monocoque full steel body and are equipped with safety features such as anti-lock braking system or combined braking system.
This new e-commerce platform integrates all Piaggio commercial vehicle dealerships across India.
Piaggio Vehicles Private Limited (PVPL), which is a wholly-owned subsidiary of Piaggio Group of Italy, has presence in small commercial vehicles and premium scooter segments in India.
Our dealers are also partnering with us and supporting us voluntarily in this distribution to reach out to the underprivileged drivers & their families, claimed Piaggio.
Under the arrangement both the companies will be working towards providing retail finance solutions for Piaggio’s entire range of cargo and passenger vehicles to facilitate the purchase of Small commercial vehicles.
The newly launched Ape’ City+ has 230 cc engine with three valve technology in the AF category, the company said in a statement.
According to industry players, the three-wheeler market is likely to cross the major milestone of 1 million units in production in the next couple of years.
Porter 700 is a strategic initiative from Piaggio to expand its wings in the last mile transportation category through the 4-wheeler cargo market, the company said.
Ola further added, in a statement, that it also plans to reach out to over 1,00,000 driver entrepreneurs across all major cities and towns in India.
Overall, about 12 percent of the total two-wheelers manufactured in India were exported to international markets, the year also saw highest ever exports of scooters at above 2.93 lakh units.
When the ruling came the two-wheeler industry had an inventory of 6,70,000 units of BS-III models, amounting to Rs 3,800 crore which is half of monthly sales of the industry.
According to the data released by the Society of India Automobiles Manufacturers (SIAM), the domestic auto sales surged by 16.33 percent during the period April-September 2016 at 1,16,52,160 units compared to the same period a year ago. The industry experts see it as an antecedent to a strong growth in the full financial year.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Mauro Prignoli | 7124240 | mprignoli@yahoo.it | Director | 27 Apr,2015 |
| Diego Graffi | 7845516 | diegograffi@yahoo.com | Managing Director | 09 Jun,2017 |
| Praveen Kumar Agarwal | 449747 | praveenagarwal61@yahoo.co.in | Wholetime Director | 03 Feb,2020 |
| Fabio Grimaldi | 9102841 | Fabio.grimaldi@piaggio.com | Additional Director | 26 Apr,2021 |
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