Pune, 26 August 2025: Piaggio Vehicles Pvt Ltd (PVPL), a 100% subsidiary of the Piaggio Group and India’s leading manufacturer of small commercial vehicles, has announced a retail finance partnership with Hinduja Leyland Finance (HLF), one of India’s leading NBFCs. The collaboration aims to streamline vehicle financing and accelerate ownership of Piaggio’s three-wheelers, including Electric and Internal Combustion Engine (ICE) vehicles in India. The agreement was signed between Mr. Diego Graffi, Chairman and Managing Director at PVPL, and Mr. Sachin Pillai, MD&CEO at HLF.
As part of this strategic partnership, Hinduja Leyland Finance (HLF) will provide financing solutions for all Piaggio three-wheeler vehicles across ICE and EV range. The collaboration marks a key milestone as both companies aim to create a winning formula, combining Piaggio’s trusted product portfolio with HLF’s tailor-made financial solutions.
Speaking about the partnership, Mr. Diego Graffi, Chairman and Managing Director, Piaggio Vehicles Pvt Ltd, said, “India’s mobility landscape is evolving rapidly. From small entrepreneurs to fleet operators, a new class of owners is emerging, and they need financing that understands their realities. With this partnership, Piaggio and Hinduja Leyland Finance are bringing together the strength of two trusted brands to make vehicle ownership simpler, faster, and more accessible. Together this partnership can enable progress, powered by mobility that people can truly call their own.”
Mr. Sachin Pillai, Managing Director & Chief Executive Officer, Hinduja Leyland Finance said, “This partnership brings together our expertise in vehicle financing and Piaggio’s presence in the three-wheeler segment to help customers acquire and manage their vehicles efficiently. Leveraging our extensive network and reach across India, Hinduja Leyland Finance aims to provide solutions that support last mile connectivity, asset ownership, and income generation for customers across the segment. By combining our financing reach and agility with Piaggio’s product offerings, we are making the 3-wheeler ownership more accessible for the customers through a customised financing process”.
This partnership reinforces Piaggio India’s commitment to strengthening its market leadership by making three-wheeler mobility solutions more accessible through affordable solutions across India.
