Piaggio CMD, Energy News, ET EnergyWorld

Pune: The CMD of carmaker Piaggio India, Diego Graffi, said in an interaction with TOI that while the company is heavily invested in clean mobility, such as electric vehicles and CNG-powered vehicles, it will retain petrol and diesel for the Indian market. , due to a combination of factors, such as CNG availability and range issues.

“We plan to improve the performance of electric vehicles in the passenger segment, in particular regarding range, while we already have a significant presence of electric vehicles in the freight sector. We will keep our stock of gasoline and diesel and continue to manufacture them as CNG is only available in about 50% of the districts in India while this is expected to rise to 80-85% in the next few years,” said Graffi said. .

Graffi was speaking on the sidelines of the launch of the Ape NXT+ range of auto rickshaws, which are available in petrol, LPG and CNG versions. He added that prices for the range have remained competitive, given the recovery in demand for passenger and commercial three-wheelers.

“There has been an upturn in demand for fuel, and there has been some reshaping in demand for passenger utility vehicles, including three-wheelers. However, registration levels of internal combustion engine (ICE) three-wheelers are still low compared to pre-pandemic levels, and therefore measures are needed to restore it, as the segment creates a lot of jobs. “, did he declare.

He also added that the recent CNG price hike may have some impact on sales in the CNG vehicle segment, including auto rickshaws, adding that the need for fuel-efficient engines will also increase.

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