Piaggio Vehicles and Shriram Finance to offer 3W financing

In an industry first move, the partnership offers easy finance to woman customers wishing to purchase Piaggio commercial vehicles.

Autocar Pro News Desk By Autocar Pro News Desk calendar 08 Oct 2024 Views icon8507 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Piaggio Vehicles and Shriram Finance to offer 3W financing

Piaggio Vehicles Pvt Ltd (PVPL), a 100 % subsidiary of the Italian auto giant Piaggio Group, has partnered with Shriram Finance to ease 3W financing across India. 

As part of the agreement, Shriram Finance will offer tailored financing options, including exclusive deals for Piaggio customers, low down payments as well as attractive rate of interest for passenger and cargo 3Ws manufactured by Piaggio India.

In an industry first move, the partnership offers easy finance to woman customers wishing to purchase Piaggio commercial vehicles, empowering them to realize their dream of being a commercial vehicle entrepreneur.

Besides, the partnership also promises easy and flexible loan documentation to 3W entrepreneurs moving cities or villages who lack immediate permanent address proof other documentation. With a loan tenure of up to 4 years and downpayment as low as INR 20K-25K, Piaggio India and Shriram Finance Limited have joined hands to empower 3W commercial vehicle entrepreneurs with accessible, encouraging, and affordable 3W financing.

Amit Sagar, Executive Vice President CV Domestic Business and Retail finance, Piaggio Vehicles Pvt Ltd said, “This is a firm step forward towards improving the financing options for our commercial vehicle customers across the country. We understand that financing has been a challenge for the industry and we try our best to bridge that gap.

With Shriram Finance we have a trusted partner with a shared vision of making small commercial vehicles financially accessible to most. I am sure this will open many avenues for our commercial vehicle customers to bring home the Piaggio Apé of their choice without any financial hassles.”

G.M Gilani, Joint Managing Director from Shriram Finance Limited said, “Piaggio’s Apé is a trusted brand of over two decades in the country and we are proud to associate with them. With our innovative and attractive financial solutions, small commercial vehicle will be even more accessible. We are committed to introducing many such offerings in the future.”   

RELATED ARTICLES
Growing demand for ADAS in India amid rising road safety concerns, HERE Technologies survey shows

auther Autocar Pro News Desk calendar12 Nov 2024

As safety awareness increases, a HERE Technologies survey finds that Indian drivers are prioritizing Advanced Driver Ass...

Mobec launches recycling and Circular Economy initiatives to support sustainable mobility

auther Autocar Pro News Desk calendar12 Nov 2024

Mobec’s new approach to battery refurbishment, material recovery, and energy storage aligns with India’s 2030 EV goals, ...

Wipro and FORVIA collaborate to enhance Advanced Driver Assistance Systems (ADAS)

auther Autocar Pro News Desk calendar12 Nov 2024

Wipro’s Cloud Car Solution components aid FORVIA in optimizing ADAS applications, reducing hardware dependence, and impr...