National, September 17, 2020: Piaggio Vehicles, India’s second-largest three-wheeler manufacturer, is expecting robust demand for its electric passenger three-wheelers in the coming months.
The company is preparing to enter the electric cargo space in three-wheelers before the end of the year, a top official told Moneycontrol.
Piaggio, which entered the electric three-wheeler space in December 2019, saw ‘a very positive response’ for its swappable battery technology-enabled passenger three-wheeler in the following quarter. However, due to the lockdown and ensuing restriction over shared mobility, demand took a knock.
Diego Graffi, Chairman and managing director, Piaggio Vehicles, said: “The response for the electric three-wheeler has been very promising. We introduced the system of battery swapping in India with our electric three-wheeler, which was on sale between January and March. After lockdown, because of the restrictions on shared mobility, we saw quite a dip in consumer demand”.