Piaggio partners with Shriram Finance for 3W finance

Partners to provide accessible financing for three-wheelers in India, including low down payments and flexible loan terms.

Pune- Piaggio Vehicles Pvt Ltd (PVPL)., a subsidiary of the Piaggio Group, has partnered with Shriram Finance Limited., to enhance 3W financing across India. The agreement, signed in the presence of Mr. Amit Sagar, Executive Vice President of CV Domestic Business and Retail Finance at PVPL, and Mr. G.M. Gilani, Joint Managing Director of Shriram Finance Limited, will provide tailored financing options for Piaggio customers, including exclusive deals, low down payments, and competitive interest rates for passenger and cargo 3Ws.

In a groundbreaking initiative, our partnership provides easy financing options for women customers aspiring to become commercial vehicle entrepreneurs with Piaggio vehicles. Additionally, it offers flexible loan documentation for 3W entrepreneurs relocating to cities or villages without immediate address proof. With loan tenures of up to 4 years and down payments as low as INR 20K-25K, Piaggio India and Shriram Finance Limited are committed to making 3W financing accessible and affordable.

Mr. Amit Sagar, Executive Vice President CV Domestic Business and Retail finance, Piaggio Vehicles Pvt Ltd, said, "This marks a significant step forward in enhancing financing options for our commercial vehicle customers nationwide. We recognize that financing has been a challenge in the industry, and we are committed to bridging that gap. With Shriram Finance as our trusted partner, we share a vision of making small commercial vehicles financially accessible to all. I am confident that this collaboration will open up numerous opportunities for our customers to bring home the Piaggio Apé of their choice without any financial hurdles."

Mr. G.M Gilani, Joint Managing Director from Shriram Finance Limited, said, “"Piaggio’s Apé has been a trusted brand in the country for over two decades, and we are proud to partner with them. Our innovative and appealing financial solutions will make small commercial vehicles even more accessible. We are dedicated to introducing many more offerings like this in the future."

This partnership is a big step in Piaggio India’s continued efforts towards the affordability of three-wheeler mobility solutions across India.