Pune, 25 August 2025: A new equation is taking shape in India’s three-wheeler space. Piaggio Vehicles has tied up with Hinduja Leyland Finance not just to push sales, but to facilitate the affordability of ownership. By marrying Piaggio’s expanding ICE and EV portfolio with HLF’s financing muscle, the partnership is poised to redraw how small entrepreneurs and fleet operators access, own, and run their vehicles.
More than a routine retail finance tie-up, this move signals a shift: financing is becoming as critical a lever as technology in steering the future of three-wheelers in India.
The agreement was signed between Diego Graffi, Chairman and Managing Director, Piaggio Vehicles Pvt Ltd, and Sachin Pillai, Managing Director and Chief Executive Officer, Hinduja Leyland Finance.
Under this partnership, Hinduja Leyland Finance will extend retail finance options to customers purchasing Piaggio’s ICE and electric three-wheelers. The objective is to enable easier, faster, and more affordable access to vehicles for a wide customer base ranging from small entrepreneurs to fleet operators.
Speaking on the announcement, 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.”
Sachin Pillai, Managing Director and Chief Executive Officer, Hinduja Leyland Finance, added, “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 three-wheeler ownership more accessible for the customers through a customised financing process.”
The collaboration is significant for the three-wheeler industry in India, which is witnessing strong demand across both passenger and goods segments.
Electric three-wheelers are emerging as an important pillar of clean mobility, while ICE vehicles continue to play a critical role in meeting diverse market needs.
The financing tie-up comes at a time when many small-scale operators and individual buyers face challenges in accessing credit due to lack of formal documentation or banking history. By bridging this gap, Piaggio and Hinduja Leyland Finance aim to drive deeper penetration in urban and semi-urban markets.
The Piaggio–Hinduja Leyland Finance partnership highlights how financing is now a key enabler of growth in the three-wheeler ecosystem. By combining strong product offerings with accessible financial solutions, the collaboration is set to empower entrepreneurs, expand last-mile connectivity, and accelerate the shift toward cleaner mobility options.
As India strengthens its position in the global mobility landscape, such partnerships will play an essential role in shaping a future where vehicle ownership is both inclusive and sustainable.
