Piaggio Partners with Shriram Finance to Simplify 3-Wheeler Financing in India

Key Highlights:

• Piaggio Vehicles partnered with Shriram Finance to improve 3W financing in India.
• Shriram Finance offers exclusive deals, low down payments, and attractive rates for Piaggio 3Ws.
• Women customers can access special financing to become vehicle entrepreneurs.
• Flexible loan terms and documentation are available, with down payments starting at INR 20K.
• The partnership aims to make Piaggio Apé vehicles more financially accessible to entrepreneurs.

Piaggio Vehicles Pvt Ltd (PVPL), a 100% subsidiary of Italy’s Piaggio Group, has teamed up with Shriram Finance to make three-wheeler (3W) financing easier across India. The partnership aims to offer customized financing solutions for Piaggio's passenger and cargo 3Ws.

Special Financing Options for Piaggio Customers

As part of the agreement, Shriram Finance will provide special financing deals for Piaggio customers, including lower down payments and competitive interest rates. These benefits are designed to make the purchase of a Piaggio three-wheelers more accessible.

Piaggio and Shriram’s Commitment to Empowerment

Amit Sagar, Executive Vice President at Piaggio Vehicles Pvt Ltd, emphasized the importance of improving financing options for their customers. G.M. Gilani, Joint Managing Director at Shriram Finance Limited, highlighted Piaggio's trusted reputation and their commitment to making small commercial vehicles more financially accessible.

Easy Documentation for 3W Entrepreneurs

The partnership will simplify loan documentation for entrepreneurs who may not have permanent address proof. The loan terms will offer flexible options with a tenure of up to 4 years and a down payment as low as INR 20,000-25,000.

Focus on Women Entrepreneurs

In an unprecedented move, this partnership will also provide easy financing to women who want to purchase Piaggio commercial vehicles. This initiative seeks to support women in becoming successful commercial vehicle owners.

Also Read: Piaggio Vehicles Unveils Battery Subscription Model for Electric Three-Wheelers

CMV360 Says

This partnership between Piaggio and Shriram Finance is a positive step towards boosting the accessibility of 3W commercial vehicles in India, especially for women entrepreneurs. With simplified financing options and easy documentation, this collaboration is set to empower a new generation of business owners.