Piaggio To Get-Go Assembly Inwards The Philippines

Autoitalia Philippines Enterprises, Inc., the exclusive distributor of Piaggio inwards the Philippines has taken the side past times side step, together with has entered into a technical licensing understanding amongst Piaggio to industry together with gather its vehicles non only for the Philippine market, but for export to other Association of Southeast Asian Nations countries equally well.

The bargain was formalized betwixt Autoitalia Philippines Enterprises, Inc. (APE) together with Piaggio amongst the ceremonial signing of the technical licensing understanding of CKD (Complete-Knock-Down) Kit Assembly.

Autoitalia volition import CKD kits from Piaggio Vehicle Private Limited (PVPL), Inc. inwards India, together with volition gather them at their assembly institute inwards Cabuyao, Laguna. The finished three-wheeled vehicles volition together with thus locomote sold non only locally, but to Association of Southeast Asian Nations countries such equally Lao People's Democratic Republic together with Cambodia.

With that, plans are inwards house to enroll the Piaggio APE three-wheeler equally work of the Board of Investments (BOI)’s Motor Vehicle Development Program (MVDP) or Executive Order 156.

Autoitalia together with Piaggio is targeting to localize at to the lowest degree xl per centum of the CKD components, or at to the lowest degree source it from other Association of Southeast Asian Nations countries. With that inwards place, it volition allow the joint-venture to export its three-wheeled vehicles from the Philippines to other Association of Southeast Asian Nations countries without duties equally work of the Association of Southeast Asian Nations Free Trade Agreement or AFTA.

Moreover, the signing of the technical licensing understanding gives Autoitalia the privilege to produce both domestic together with export sales. It equally good opens the door for Piaggio to infuse upper-case alphabetic quality into the joint-venture which may laissez passer on them partial ownership inwards the future.

But equally a work of the Autohub Group of Companies, Autoitalia says its operations volition rest geared to satisfy Philippine requirements first.

Currently, Autoitalia has dealers located inwards Tagaytay, Cavite, Pampanga, Dumaguete, Cebu, Bohol, Davao, Cagayan de Oro, together with Zamboanga. They volition equally good opened upward inwards to a greater extent than locations nationwide.