Piaggio Vehicles has been the pioneer of 3-wheeler goods transportation in India since 1999 and today is among the top in its category. With global standards in vehicle performance and customer service, it has revolutionized the 3 wheeler cargo segment in India. This well established company is all set to bring its new car named NT3 a three-seater car. The 2.4 meter long car is expected to have a 200 cc and a 300 cc engine option, in addition to a hybrid and electric variant as well.
The NT3 car is expected to have a maximum speed of 80 km p/h with the 300 cc engine and 60 km p/h with the 200 cc engine. The car is expected by 2012.
These cars are developed for markets like India, Vietnam and some areas of South-East Asia because as informed by Ravi Chopra, chairman and managing director, Piaggio Vehicles, said, “The demand for small cars will be large in the densely populated countries and cities”.
Company is planning to put in good money as investment in Vietnam & India to expand manufacturing and sales activities in these regions. In India, the company will be putting in Euro 90 million to finance growth in both the commercial vehicles and the two-wheeler businesses. The company will be launching Vespa brand of scooter in the first quarter of 2012.
With an aggregate market share of 41% in the three wheeler industry and 64% in the three wheeler cargo segment in 2010, Piaggio has firmly established its position as an undisputed leader in the three wheeler domestic market. Today the company offers a range of passenger and cargo vehicles already and with NT3 company is hoping to increase its market share and sales in coming future.
The NT3 car is expected to have a maximum speed of 80 km p/h with the 300 cc engine and 60 km p/h with the 200 cc engine. The car is expected by 2012.
These cars are developed for markets like India, Vietnam and some areas of South-East Asia because as informed by Ravi Chopra, chairman and managing director, Piaggio Vehicles, said, “The demand for small cars will be large in the densely populated countries and cities”.
Company is planning to put in good money as investment in Vietnam & India to expand manufacturing and sales activities in these regions. In India, the company will be putting in Euro 90 million to finance growth in both the commercial vehicles and the two-wheeler businesses. The company will be launching Vespa brand of scooter in the first quarter of 2012.
With an aggregate market share of 41% in the three wheeler industry and 64% in the three wheeler cargo segment in 2010, Piaggio has firmly established its position as an undisputed leader in the three wheeler domestic market. Today the company offers a range of passenger and cargo vehicles already and with NT3 company is hoping to increase its market share and sales in coming future.
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