Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023

Why Vespa-maker Piaggio isn’t ready to go electric in India yet

The electric version of the Vespa, which the Italian company sells in Europe, got a good response at the India Auto Expo. However, inability to scale up component sourcing within India to 100 percent has made Piaggio fight shy in launching EVs in India

September 21, 2020 / 10:48 PM IST

Lack of charging infrastructure, high acquisition costs and a poor supply-chain system are putting off established manufacturers from entering the electric two-wheeler space.

After Atsushi Ogata, the newly appointed head of Honda Motorcycle and Scooter India (HMSI), evinced little interest in entering the electric two-wheeler category, the head of Piaggio India, which manufactures the Vespa and Aprilia range of premium scooters, has joined the chorus.

While Ogata blamed scarcity of charging stations for Honda’s reluctance in entering the electric two-wheeler space in India, the inability to scale up EV component sourcing within India to 100 percent is the reason behind Piaggio’s unwillingness to launch EVs.