Vinfast to Enter India with Premium Electric SUV to take on rivals

Vietnamese Electric Vehicle Maker Vinfast will enter the Indian Market with two Premium Electric SUVs, Taking on Homegrown Rival Mahindra & Mahindra and China’s’ BydWhich already has a presence in the world’s third largest car market.

Vinfast Unveiled Its VF6 and VF7 SUVS at the India Auto Show in New Delhi, as it Hopes to Draw Buyers to Its Evs and Contribute to India’s goals of Eliminating Carbon Emisions T’S Asia Ceo.

“We are turning our focus to India – our next growth frontier,” Chau Told Reporters.

Nasdaq-Listed Vinfast Counts North America and Vietnam as Its Primary Markets But is Trying to Expand Aggresively Elsewhere. But the automaker has been reporting Deepening Losses as Ev Demand Softens.

Electric Models Accounted For About 2.5 Percent of the More than four million vehicles sleep in sleep in India last year. The government, targeting 30 percent by 2030, is working on a program to attract Ev Makers,

Vinfast said last year $ 500 million (roughly Rs. Ar models.

The factory will have an initial capacity of 50,000 cars a year and can be scled up to 150,000 based on demand, chau said, adding the company is appointing dealers in India and studying in setting.

Like Tesla, Vinfast Has Sought a Reduction from the Indian Government on the 100 Percent Import Tax on Fully Built EVS to Allow It to Launch Cars While Its Factory Comes ONLE The move has been opposed by domestic automakers.

© Thomson Reuters 2025

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