Piaggio is a multinational automobile manufacturing firm. It has various subsidiaries such as Aprilia, Gilera, Derbi, Moto Guzzi, etc. It is one of the oldest two-wheeler and compact commercial vehicle manufacturers serving all across the globe. The firm has introduced its first ever hybrid scooter, the Piaggio Hybrid MP3 for India. The first ever three-wheeled scooter equipped with ABS and electronic traction control system.