The two leading vehicle manufacturers, Foton and Piaggio had signed a contract in September 2017 in Beijing. The deal was to introduce various types of commercial vehicles which would be beneficial for all people. These commercial vehicles will be light in weight which can be used in domestic and business markets. The Chairman and CEO of Piaggio Group, Robert Colaninno and the Vice President of Foton Group, Chang Rui have signed a contract of manufacturing an innovative range of light-weight four-wheeler commercial automobiles in the market. The technical documents will be in process in the next two months.
The motto of this partnership is to bring out a unique range of vehicles designed for commercial purpose which would help the Piaggio Group expand the business market in the international front. The advanced commercial vehicles would bolster the position of the Piaggio Group in the international markets.
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The vehicles which will be rolled out on the streets will be in the form of mini van models which would further be used as a pick-up service. The vehicles can be used by the cargo and passengers which would provide them a pleasurable intra-city ride. Moreover, for the safety of passengers and drivers, the vehicles will have environ-friendly engines along with the highest level of modernized features.
It is said that the new range of vehicles will be manufactured in the factories of Piaggio Group in Italy. The vehicle enthusiasts will get a chance to drive the vehicle after the launch which will take place in the ensuing years.
The Foton Group has been trying to get a foothold in the Indian market since many years. But, the constant changing of market and the emergence of powerful business groups deterred the Foton Group to introduce its company in India. In order to make its mark in the Indian market, the Foton Group has made a business deal with the Piaggio Group.