Piaggio is ready with the range of CNG Products for Ranchi market

• This includes first of its kind 3v Tech Ape’ City+ passenger in the three wheeler industry
  

Ranchi: August 23, 2019: Piaggio Vehicles Pvt Ltd (PVPL), a 100 % subsidiary of the Italian Piaggio Group (European leader of the 2wh sector) and India’s leading manufacturer of small commercial vehicles has the widest range of CNG products in the 3 wheeler Industry and is now ready for launching it in Ranchi market. This CNG range includes Ape’ City , the revolutionary Ape’ City+ with India’s first 3 Valve Engine 3 Wheeler and industry’s first of its kind water cooled three-wheelers in passenger and cargo categories viz: Ape’ Auto Dx, Ape’ Auto DXL , Ape’ Auto+ (India’s first 5 seater) , Ape Xtra LDX (5.5 ft cargo), and Ape’Xtra LDX+ (industry’s first 6ft cargo CNG). These products are available at lowest down payments from Nationalised Banks and with attractive finance options.

The introduction of the new range of CNG vehicles is a strategic initiative from Piaggio to reinforce its commitment of providing path-breaking solutions in the last mile transportation segment. Piaggio is a strong market leader in Jharkhand and especially in Ranchi with about 73% market share in total three wheelers. The new Ape’ City+ CNG, Apé Auto Dx CNG, Ape’ Xtra LDX CNG, and Ape’ Xtra LDX+ CNG vehicles, offer best in class performance in terms of power, pick-up, mileage & maintenance. With this new CNG range, operating costs will come down to almost half of that of petrol autos. The new CNG range will meet the growing demand for commercial vehicle mobility solutions particularly suited to intra-city travel in Jharkhand. Government’s focus on growing CNG infrastructure will not only increase the earnability for the drivers but also boost self-employment opportunities for the local youths of Jharkhand.

Speaking on the occasion, Mr. Saju Nair, Head of Commercial Vehicle Business, Piaggio India Pvt. Ltd. said, “At Piaggio our core philosophy is to provide path breaking solutions in the last mile transportation segment and we are committed to provide best in class offerings to our customers. The alternate fuel technology is growing day by day in our country and hence to cater to the market’s changing needs we have introduced this new range of CNG vehicles for the Jharkhand market. Piaggio is a clear market leader in the 3 wheeler category in Jharkhand and with this new range of vehicles we are confident of maintaining and further strengthening our leadership in CNG segment as well.”

Mr. Malind Kapur, Senior Vice President, Marketing and Channel Development, Piaggio Vehicles said, “First of all, on behalf of Piaggio I would like to thank our honourable Prime Minister for his government’s emphasis on alternate fuels. Setting up of CNG stations in Ranchi under the Urja Ganga project will further strengthen the small commercial vehicle industry in Jharkhand.  As far as Piaggio is concerned we have the largest range of CNG 3 wheelers in India. For Jharkhand market we have designed special exchange schemes for old petrol and diesel auto rickshaws. We also have tied up with nationalised banks for the benefit of our customers. With this CNG infrastructure, lot of auto rickshaws will now adopt and convert to CNG in a big way in Ranchi and I see many new opportunities for us in the coming future.”

About Piaggio Vehicles Pvt. Ltd.

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 2.7 million satisfied customers across India but also exported to more than 40 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.