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It is a step in direction of reasonably priced, worry-free EV possession, encouraging adoption even with out subsidies.(Picture: Enterprise Benchmark)
Piaggio introduces Battery Subscription Mannequin for electrical three-wheelers in 30 cities, separating automobile and battery prices for affordability and peace of thoughts.
Italian auto main Piaggio Group’s subsidiary, Piaggio Autos Pvt Ltd, on Tuesday introduced the launch of a ‘Battery Subscription Mannequin’ for its electrical three-wheelers in 30 key cities.
Following the launch of the battery subscription mannequin, prospects can now buy the corporate’s electrical three-wheeler for Rs 2.59 lakh (ex-showroom) and subscribe to a Piaggio-approved battery pack for a month-to-month price leased via the dealership, Piaggio Autos Pvt Ltd (PVPL) mentioned.
Underneath this mannequin, the automobile’s price is separated from the battery price for a buyer. Moreover affordability, the brand new initiative addresses the problem of battery nervousness as properly, which is a serious ache level for an EV buyer, and in addition points like battery upkeep, lifespan or alternative, it mentioned. PVPL additionally mentioned it’s taking full accountability for battery well being, providing peace of thoughts for long-term EV possession.
“The industry-first ‘Battery Subscription Mannequin’ removes one other barrier to EV adoption by addressing battery considerations and providing an economical possession choice. We’re assured this mannequin will maintain EV progress in a post-subsidy surroundings,” PVPL Chairman and MD Diego Graffi mentioned. Underneath the subscription mannequin, prospects buy the Ap Elektrik chassis straight from dealerships whereas the battery is supplied to the client on the dealership on a month-to-month lease.
The automobile chassis and powertrain are registered within the buyer’s identify, permitting for loans with hypothecation on the chassis and powertrain via NBFCs, the corporate mentioned.
The battery lease time period is 120,000 kilometres or 8 years for cargo autos and 150,000 kilometres or eight years for passenger autos, the corporate mentioned, including the subscription contains battery replacements on the identical rental quantity after the preliminary lease time period.
After reaching the designated mileage, the month-to-month lease reduces to nil, PVPL mentioned. “Buyer can now personal an electrical 3W at a down fee of Simply Rs 30,000 and an EMI of Rs 8,000 per 30 days which makes it as straightforward to personal as in comparison with 3W CNG,” mentioned Amit Sagar, Government Vice President for CV home enterprise at Piaggio Autos Pvt Ltd.
” We consider that the mannequin may also proceed the EV adoption in a post-subsidy world guaranteeing that prospects and producers get the perfect from the huge EV alternative” he added.
