Piaggio Vehicles: This innovative program aims to revolutionize 3EV ownership by separating the upfront cost of the vehicle from the battery. Customers can now purchase the Ape Elektrik for INR 2.59 lakh (a high-quality Piaggio-approved battery pack for a monthly ex-showroom) and subscribe to fee leased through the dealership, the company said.
India has set an electric vehicle sales target of 30% by 2030. Still, the country will be home to an overwhelmingly large number of traditional ICE-powered vehicles.
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