Piaggio to launch electric three-wheeler for India in December quarter

Italian company to invest at least Rs 200 crore over the next three years

Piaggio Vehicles, the Indian arm of the Italian automaker, will invest at least Rs 200 crore in three years on product development, including the launch of a fully electric three-wheeler.

Piaggio will start pilot production of the vehicle by September, said Diego Graffi, the company's chief executive officer and managing director, in Mumbai.

Piaggio’s rivals, Mahindra, Bajaj Auto and TVS Motor Company, have already announced their electric three-wheelers. 

Piaggio on Friday launched a new three-wheeler called Ape City+. Built on a new platform and equipped with a new 230cc