The comment from Mr. Diego Graffi, Chairman and MD Piaggio Vehicles Pvt. Ltd.

“We welcome the union budget for the year 2022-23.This is a good budget for the promotion of green mobility. The PM Gati Shakti project is a revolutionary project that will take India’s logistics, infrastructure, sustainability, and green mobility initiatives forward, as  this focuses on multi-modal logistic parks and Unified Logistics Interface Platforms, we believe that it will help in reconciling supply chain constrains and make them more robust. Considering, the battery swapping policy one of the initiatives in the Budget for the  auto industry, we feel the policy as being a sincere advocate of EVs as last mile mobility solutions. Larger battery swapping infrastructure will help enhance EV infrastructure and should propel adoption of EVs. We are glad that government is encouraging to create sustainable and innovative business models for battery and energy as a service, improving the efficiency in the EV ecosystem. This will also generate employment opportunities as planned by the government under the Make In India initiative.” Mr. Diego Graffi, Chairman and MD Piaggio Vehicles Pvt. Ltd.