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Piaggio India cautious on electric vehicle spending, says EV infrastructure still not ready

Updated : June 15, 2019 12:23 PM IST

Diego Graffi, MD and CEO of Piaggio Vehicles, told CNBC-TV18 that the electric vehicle infrastructure is still not ready and the firm will be cautious in making investments in the space.
Piaggio said it has plans to invest Rs 300 crore in the next three years in India, but only a “very small part” of it will be used towards electric vehicles.
Piaggio India cautious on electric vehicle spending, says EV infrastructure still not ready
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