Pune: Piaggio Vehicles has announced a strategic partnership with Shriram Finance Limited to streamline financing options for three-wheeler (3W) customers across India.
The agreement, signed in the presence of Amit Sagar, Executive Vice President of Commercial Vehicle Domestic Business and Retail Finance at Piaggio Vehicles, and G.M. Gilani, Joint Managing Director of Shriram Finance Limited, aims to provide accessible and affordable financing for Piaggio’s range of passenger and cargo three-wheelers.
Under this partnership, Shriram Finance will offer tailored financial solutions, including exclusive deals for Piaggio customers, reduced down payments, and competitive interest rates.
The initiative is particularly notable for its focus on women customers, offering easy financing options to help them realize their aspirations of becoming commercial vehicle entrepreneurs.
Additionally, the partnership offers simplified loan documentation, particularly benefiting customers relocating to new cities or villages without immediate access to permanent address proof or other documents.
With loan tenures extending up to four years and down payments starting as low as ₹20,000-25,000, Piaggio Vehicles and Shriram Finance aim to make three-wheeler ownership more accessible for aspiring 3W entrepreneurs.
Amit Sagar highlighted the importance of the partnership, stating, "This is a decisive step in improving financing options for our customers. With Shriram Finance, we are partnering with an institution that shares our vision of making commercial vehicles financially accessible, helping customers bring home the Piaggio Apé without any financial hurdles."
G.M. Gilani remarked, “Piaggio’s Apé brand has earned the trust of customers over the past two decades, and we are excited to partner with them. Through our innovative financing solutions, we aim to make small commercial vehicles more attainable for a wider audience, with plans for more such offerings in the future.”
