India's second largest 3-wheeler manufacturer, Piaggio Vehicles is set to launch its first electric 3-wheeler by the third quarter of this fiscal year. This would be the first EV 3-wheeler, developed & manufactured in India. However speaking to CNBC-TV18's Alisha Sachdev, Diego Graffi MD & CEO OF Piaggio Vehicles said that the EV infrastructure is still not ready and it will be cautious in making investments in the EV space.