Commercial vehicle manufacturer Piaggio Vehicles continues to maintain its leadership in the overall three-wheeler cargo segment in FY22 YTD.
The company sold 15,206 units in April - November 2021 period, according to Vahan data. The growing demand for e-commerce and delivery business has helped the cargo segment recover from the pandemic.
This recovery has led Piaggio to maintain leadership in the light transportation industry, the company said in a press release.
Diego Graffi, Chairman and Managing Director, Piaggio Vehicles, said, “Piaggio introduced India to the most cost effective, three-wheeler cargo and since then is the leader in the segment. We have maintained the number one spot despite a challenging environment in FY 22 YTD in the total three-wheeler cargo business.”
“Our focus has been on providing best-in-class products and services to our valued customers with a reduced cost of ownership. The detailed market research on understanding the needs and requirements of the Indian customers has made us currently gain a quarter of the market in the alternate fuel three-wheeler cargo segment. We aim to continue with our leadership in the 3-wheeler cargo segment with new products and other customer offerings in sales & customer care,” he added.