Piaggio rolls out its 2.5 millionth small commercial vehicle in country

Opens a new showroom in Hyderabad

Hyderabad, August 9, 2018: Piaggio reached a major milestone in India. It rolled out its 2.5 millionth small commercial vehicle in the country informed Saju E.S. Nair, Business Head--CV Business of Piaggio Vehicles Pvt. Ltd. Interacting with media immediately after the inauguration of a new showroom by Vardhaman Motors here in the city at Bairamalguda, Karmanghat, he said Piaggio Vehicles Pvt Ltd (PVPL) is a 100 % subsidiary of the Italian Piaggio Group (European leader of the 2wh sector ) and India’s leading manufacturer of small commercial vehicles.

Today we are celebrating a historic milestone of rolling-out its 2.5 millionth small commercial vehicle (SCV). The SCV was rolled-out from the assembly line of Piaggio’s world-class manufacturing facility at Baramati (an Apé Xtra LDX). This milestone reinforces the company’s leadership in last mile transportation, a philosophy that drives Piaggio’s India strategy, he added.

The just opened new showroom has come up in a space of 5000sq ft and will showcase informed Swarupchand Kothari, Chairman of Kothari Group. According to Swarupchand Kothari, the group has interests in Automobiles and finance, logistics and construction, DCP if East Zone, Ramesh also graced the showroom inauguration.

On this significant occasion of opening a new showroom in the city, the company announced an industry first of its kind vehicle warranty program and insurance initiative for its customers.

In addition confirming its commitment to customers changing needs and Piaggio ‘s core philosophy of providing path breaking solutions in the last mile transportation segment, the company also launched a new range of Apé CNG/ LPG vehicles.

To commemorate the 2.5 millionth vehicle roll out milestone and to strengthen its relationship with customers, Piaggio announced a one of its kind warranty and insurance program for its customers. Under the industry first ‘Super Warranty’ program, customers buying Apé Diesel 3w vehicles will get a warranty for 42 months or 1.2 lakh kilometres (whichever is earlier).

Customers buying the Ape’ CNG/ LPG/ Petrol 3 w vehicles will be entitled to a warranty of 36 months or 1 lakh kilometres (whichever is earlier) . Continuing its tradition of offering industry best solutions to its customers, both the warranty initiatives are the best in their respective categories in the industry. To add further value to its customers, each Piaggio customer buying a 3wh vehicle from today will be entitled to a personal accident Insurance cover of Rs. 1 lakh.

Piaggio Vehicle Pvt. Ltd. also unveiled its new series of Apé CNG/LPG fuel vehicles in the three-wheeler category for the Indian market. The introduction of the new range of CNG/LPG vehicles is a strategic initiative from Piaggio to reinforce its commitment of providing path-breaking solutions in the last mile transportation segments. The Ape’ Xtra LDX and Apé Auto DX are part of the new water-cooled engine technology range. These variants of Apé are the first of its kind in the industry with water-cooled engines and offer best in class performance in terms of power, pick-up, mileage & maintenance. The newrange of vehicles will meet the growing demand for commercial vehicle mobility solutions particularly suited to intra-city travel in India, and equipped with the latest-generation eco-friendly engines and state-of-the-art technological features.

“We created the market, grew the market and owned the market in the last mile connectivity segment .The roll out of the 2.5 millionth vehicle is a testimony of the trust shown by the

customer in Piaggio‘s products reliability. It is pertinent to note that Piaggio‘s offerings are not just vehicles but are a strong source of creating self-employment which is extremely vital for the growth of the nation. I see many new opportunities for us in the coming future as the Indian market is set to gain a more predominant role in Piaggio ‘s global business, he added

The emphasis on alternate fuel technology is growing every day in the country and hence we introduced an improved range of alternate fuel vehicles to cater to the market’s needs. The

customer initiatives and improved range of alternate fuel vehicles are a part of Piaggio’s strategy to further consolidate and strengthen Piaggio’s presence in the small commercial vehicle industry.”

Piaggio Vehicles Pvt. Ltd. is a 100% owned subsidiary of the Piaggio Group. The Company commenced operations in India in 1999 with the launch of the three-wheeler brand Apé, which was an immediate success and has grown from strength to strength over the years. PVPL created the market, grew it, and has sustained a dominant position in the Diesel 3 wheeler segment.

Piaggio is a leading player in the light transportation industry with a complete range of three and four wheelers in Diesel, Petrol, CNG, LPG fuel variants. The Company’s products are not only endorsed by over 2.5 million satisfied customers across India but also exported to more than 50 countries worldwide.

Piaggio has a state-of-the-art manufacturing plant at Baramati in Maharashtra, [with an installed annual production capacity of over 300,000 three-wheelers and 80,000 four-wheelers]. It is also self-reliant in some of the engine categories with the completion of its advanced engines plant on the same campus. Piaggio has an over 3000-strong work force comprising experienced engineers, R&D specialists, plant workers, sales, service and marketing professionals.