Piaggio Vehicles announces entry of Ape Electrik 3-wheeler in Philippines
The electric three-wheeler will be manufactured at PVPL's Baramati manufacturing facility in Maharashtra.
Piaggio Vehicles Pvt Ltd (PVPL), the Indian subsidiary of Italian auto major Piaggio Group, on Tuesday announced the entry of its electric three-wheeler Ape Electrik in the Philippines for last-mile mobility.
The electric three-wheeler will be manufactured at PVPL's Baramati manufacturing facility in Maharashtra.
"For Piaggio Vehicles, entry into the Philippines is a stepping-stone towards accelerating the adoption of EVs across the world and towards a sustainable planet.
Also Read: 4 tips to repay your Credit Card debt faster
"We see huge export potential to the market and also aim to meaningfully contribute to their EV ambitions," said Diego Graffi, Chairman and Managing Director, Piaggio Vehicles Pvt Ltd.
These vehicles will be powered by the SUN Mobility's advanced battery-swapping technology.
To be available in the Philippines through a subsidiary of Rusco Motors Inc, the vehicle will be the country's first electric three-wheeler for last-mile mobility, it said.
SUN Mobility has further strengthened its association with Piaggio as it extends the partnership to the Philippines, said Ajay Goel, Co-founder and Executive Director, SUN mobility.
The two partners share the vision of smart, affordable, urban electric mobility and are keen to jointly deploy their solution first in the Philippines and the rest of South-east Asia, he added.
PVPL had launched its first e-three-wheeler Ape Electric in India in 2019.
Click here to get more stock market updates I Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
01:34 PM IST