Introduction of fully electric 3-wheeler in India by Piaggio in the mid of 2019
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The company, which
sells small private automobiles both in cargo and passenger segments, expects
to modernize most of its products to meet BS VI emission norms by the end of
this year.
NEW DELHI:
Italian two and three-wheeler maker Piaggio Vehicles
goal to launch a fully electric three-wheeler in India by the middle of this
year, a top company official said Wednesday.
Piaggio Vehicles, which is a 100 per cent owned
subsidiary of Italy's Piaggio Group, commenced operations in India in 1999 with
the launch of the three-wheeler brand Ape.
Piaggio sells small private automobiles (less
than one-tonne load) both in cargo and passenger segments, expects to modernize
most of its products to meet BS VI emission norms by the end of
this year.
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"India is one country which is investing
more on electric mobility. We are arranging for this right in advance ...demand
at the moment is not very big but we expect it to increase quite fast so we
plan to introduce our fully electric three-wheeler by the middle of this
year," Piaggio Vehicles MD & CEO Diego Graffi told reporters
here.
"This is the starting point as we plan to
expand electric to cargo and big passenger segment as well," Graffi said.
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The three-wheeler will be developed in house
with some components coming from outside suppliers, he added.
The company will be importing lithium-ion
battery cells, other components like engine and battery management system would
be fully localised, Graffi said.
He
added that, Piaggio is not considering hybrid applications currently and may
look at it at a later stage, when asked by him.
"We have hybrid applications in Europe. We
will have to study in order to introduce them in India, but at a later
stage," Graffi said.
"So we are planning to be ready in advance,
4-5 months ahead of the deadline (April 1, 2020). We are lining up all our investments,
in order to be ready definitely by the end of this year," Graffi said.
The company has already launched a water-cooled
CNGPG application last year in all its three-wheelers offering it advantage for
preparedness towards BS VI homologation, Graffi said.
On introducing new products, he also reported
that the company is looking to increase its presence in the three-wheeler
passenger segment.
Piaggio is a major player in the diesel
three-wheeler segment. The company has a complete range of three and four
wheelers with diesel, petrol, CNG and LPG powertrains.
The company has sold over 25 lakh units in India
and also exports to more than 50 countries globally.