Piaggio Vehicles India has partnered with Hinduja Leyland Finance (HLF) to make its three-wheeler vehicles more affordable in India. The partnership aims to provide easy ownership experiences for small entrepreneurs, fleet operators, and first-time buyers. Piaggio’s range of three-wheelers, including both electric and internal combustion engine variants, will be available with customized financing options.
The partnership will enable HLF to offer retail finance across Piaggio’s three-wheeler segment, with flexible term loans that match customers’ income patterns and operational requirements. This will make ownership more accessible and open up new avenues for customers to own a three-wheeler. The financing options will be designed to respond to the unique circumstances of small entrepreneurs and fleet operators, who are driving the growing demand for three-wheelers in India.
According to Diego Graffi, CMD of Piaggio, the mobility landscape in India is changing, with a growing demand from small entrepreneurs and fleet operators. He emphasized that the financing options will be tailored to meet their specific needs. Sachin Pillai, MD & CEO of HLF, noted that the partnership combines Piaggio’s strong product offerings with HLF’s extensive financing network across India, which will facilitate last-mile connectivity, asset acquisition, and income generation.
The partnership is expected to significantly reduce entry barriers in the three-wheeler market, making it easier for customers to own a vehicle. With this collaboration, Piaggio and HLF aim to support the growing demand for three-wheelers in India, which is driven by the need for affordable and efficient transportation solutions. The partnership will provide customers with more flexible repayment options, making it easier for them to own a three-wheeler and participate in the growing mobility landscape in India.