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Piaggio loses 2nd spot in three-wheeler market
Financial Express Kochi
|October 25, 2025
ITALIAN THREE-WHEELER (3W) giant Piaggio has slipped from the second spot in the domestic three-wheeler market, with its share falling to 6.2% in the first half (April-September) of thecurrent fiscal from 7.3%dur-ingthesame periodayearago.
The company sold 38,441 units, down from 43,371, even as overall three-wheeler sales rose 4% to 618,230, according to Vahan data.
Sector analysts attribute Piaggio’s decline to its weak performance in the CNG segment and sluggish pace in adapting to the EV transition.
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