VINFAST INDIA STRATEGY
India’s cab game has a new green player: A Vietnamese behemoth aiming to win fast
Green SM enters India with a controlled electric vehicle fleet, challenging the aggregator model. This Vietnamese company aims for a premium segment, unlike Uber and Ola's mass-market approach. BluSmart's prior electric fleet operations faced challenges after regulatory issues arose. Green SM's strategy is closely linked to VinFast, its parent automotive ecosystem. Success hinges on managing fleet costs and attracting customers to its premium electric service.
Electric two-wheeler maker Ultraviolette to invest Rs 779 crore in new manafacturing facility in TN over next 5 years: CEO Narayan Subramaniam
Electric two-wheeler maker Ultraviolette will establish a new manufacturing facility in Hosur, Tamil Nadu. The company plans to invest Rs 779 crore over the next five years for this expansion. This new BIGGA Factory will have an initial capacity of 250,000 vehicles annually. The facility will support the production of Ultraviolette's Tesseract electric scooter and future models.
VinFast plans to develop two India-specific EVs in strategy shift, sources say
Vietnamese automaker VinFast is developing two new electric vehicles for India. These new models will be more affordable than current offerings. This strategic shift follows the suspension of plans for global models in India. VinFast aims to build these vehicles using local suppliers from the start. The company is investing significantly in India as a manufacturing hub.
India's passenger vehicle market tilts towards cleaner fuels; alternatives cross petrol: Report
Cleaner-fuel vehicles now account for 42 percent of passenger car sales in India. This marks the first time these alternatives have outsold petrol-powered vehicles. Petrol's market share dropped to a record low of 41 percent in August. Compressed natural gas vehicles saw their share rise to 25 percent. Electric car sales increased significantly, reaching 7.7 percent penetration.
VinFast puts the brakes on manufacturing some cars in India
VinFast has temporarily halted development and local manufacturing plans for three electric vehicles in India, asking suppliers to stop work while it reassesses costs. The move affects the VF3, VF6 and VF7 programmes and comes amid the automaker’s struggle to gain scale in India, despite its $2-billion expansion plans.
VinFast Auto India partners with CSB Bank for EV financing
VinFast Auto India has partnered with CSB Bank to offer auto and inventory financing for its dealer network and customers. The tie-up will provide credit solutions for buyers of its electric SUVs, VF 6 and VF 7, and support dealer operations as the company expands in India.
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Auto majors like Maruti, Tata, Mahindra to roll out over 30 new cars in 2026
In 2026, India's automotive landscape is set to witness a groundbreaking transformation with over 30 new vehicles hitting the market. Major players like Maruti Suzuki, Tata Motors, and Mahindra & Mahindra are at the forefront of this exciting evolution.
Tesla takes a hit as money-minded Indians prefer Vinfast instead
India's electric vehicle market is booming. Vietnamese automaker VinFast is gaining traction with affordable models and a growing showroom network. American giant Tesla, meanwhile, is taking a slower approach, focusing on premium imports. Other companies are also expanding their EV plans.
VinFast bets on ecosystem, not volumes, for India: Asia CEO
Vietnamese EV maker VinFast has officially entered the Indian market. The company plans to build a complete ecosystem beyond just selling cars. This includes electric cars, buses, two-wheelers and charging infrastructure. VinFast has launched two models, the VF 6 and VF 7, assembled in Tamil Nadu. The company aims to offer benefits like free charging, maintenance, and a ten-year warranty.
VinFast shifts gears in India: Can the EV challenger outpace Tesla and Tata?
VinFast, Vietnam's leading carmaker, has entered the Indian EV market, challenging Tesla and Tata Motors with competitively priced electric SUVs like the VF6 and VF7. Aiming to become a major player, VinFast plans significant investments, job creation, and a manufacturing plant in Tamil Nadu.
VinFast to make in India: This is the landscape that awaits the Vietnamese EV maker
VinFast's $500-million EV plant is located in Tamil Nadu's Thoothukudi district, and is part of a planned $2 billion investment in India and a broader expansion across Asia. The facility will initially make 50,000 electric vehicles annually, with room to triple output to 150,000 cars.
VinFast bets big on India with $500 million EV push, eyes global exports via new Tamil Nadu factory
VinFast, the Vietnamese electric vehicle manufacturer, has inaugurated its first manufacturing plant in southern India, signaling a significant move to penetrate the country's burgeoning auto market. With a planned investment of $2 billion in Tamil Nadu, VinFast aims to produce up to 150,000 vehicles annually. The company anticipates introducing its cars to Indian showrooms later this month.
After Tesla's desi debut, Vietnamese EV maker VinFast opens first showroom in India
Vietnamese EV maker VinFast has opened its first Indian showroom in Surat, Gujarat, ahead of launching a local manufacturing plant in Tamil Nadu. The showroom will feature right-hand drive versions of the VF 6 and VF 7 SUVs, now open for pre-booking. VinFast plans 35 dealerships by year-end. Entering a growing EV market, it faces competition from Tesla, which debuted in India this month.
Tesla vs VinFast vs BYD: Check comparison of prices, features & range in India
The Indian electric vehicle market is heating up. Tesla has launched its Model Y in India with showroom openings planned. VinFast, a Vietnamese EV maker, is also entering the market. They are planning a manufacturing plant in Tamil Nadu. Pre-bookings are open for VinFast's VF6 and VF7 models. These EVs will compete with established players and other upcoming electric SUVs.
Vinfast VF6, VF7 bookings starts: Check expected price, dealer locations and other details
VinFast, a Vietnamese electric vehicle maker, will soon launch VF 6 and VF 7 electric SUVs in India. Pre-bookings start on July 15. The company is launching 35 dealerships across India. VinFast Auto India has partnered with 13 dealer groups. VF 6 will rival MG ZS EV. VF 7 will compete with BYD Atto 3.
VinFast tweaks sales plan ahead of its India debut
VinFast has adjusted its India strategy, reducing its first-year sales target to 3,000 units and delaying the launch of its VF7 and VF6 electric SUVs due to distribution network challenges. Production at the Tamil Nadu facility is now slated for July 30, impacting booking and delivery timelines.
Tata Motors aims to race past Hyundai, M&M riding on Rs 35,000 crore of investments
Tata Motors is investing heavily to challenge Hyundai in India. The company aims for a 16% market share by FY27, targeting 18-20% later. Focus areas include electric vehicles, software-defined vehicles, and new powertrains. Tata plans key product launches like the Sierra SUV. The company is expanding charging infrastructure significantly. They expect positive EV division EBITDA in FY26.
Asian underdog & global biggies hit accelerator when Musk dodges desi market challenge
Vietnam’s Vingroup is entering India’s growing EV market through its arm VinFast, just as Tesla, after years of delay, prepares for its India launch. VinFast plans to open an assembly plant in India by June, backed by a $2 billion investment in Tamil Nadu. Although VinFast doesn’t see Tesla or BYD as direct competitors, India’s crowded EV space—with players like Maruti Suzuki, BYD, Hyundai, and MG Motors—poses challenges.
VinFast India bookings to open in June; aim to ramp up production to 1,50,000 EVs annually: Asia CEO
The company is eyeing a launch in India with its VF7 and VF6 models before the festival season this year and aims to push up annual production in the country to 1,50,000 EVs in the coming years to be able to export them to countries in the Middle East and Africa.
A congested road for Tesla as ambitious rival drives into India
Tesla's long-awaited entry into India's burgeoning EV market faces stiff competition from VinFast and other established players like Tata Motors and Mahindra & Mahindra. While Tesla delayed its entry, rivals have already gained a foothold in the rapidly expanding market.
Tesla rival VinFast plans to open India plant by end of June
VinFast, the Vietnamese electric vehicle manufacturer, is shifting its focus to Asia due to slow progress in the United States and high logistics costs in America and Europe. The company plans to open a car assembly plant in India by the end of June and another in Indonesia in October.
VinFast set to drive into India with locally assembled cars
VinFast, the EV arm of Vietnam's biggest conglomerate Vingroup, is expected to launch its first locally assembled car during the 2025 festive season. It is likely to sell its vehicles in the ₹25-30 lakh range, placing them in the premium affordable segment of India's burgeoning market for EVs. The models are likely to have a range of 300-500 kilometres.
Mercedes-Benz, BMW and Audi may steer clear of India's new EV policy
The luxury car makers that have already been present in India for decades would rather accelerate local assembly in the country as the money will need to be ploughed in within three years of receiving approval under the scheme, said auto executives. The aforementioned companies didn’t officially comment on investments under the new policy.
India's new EV policy: Accelerating at the right time
The ball is now in the court of global manufacturers, which are eyeing the massive potential in a country that has committed to going net-zero by 2070. With matters heading south in China, it has become imperative for MNCs to derisk their strategies. On the face of it, there is a convergence of interests.
A Tesla rival is driving into India. What lies ahead for it
VinFast, a small electric vehicle (EV) maker backed by Vietnam's largest conglomerate, is expanding into India. The company plans to establish a $2 billion EV facility in Tamil Nadu and intends to build a nationwide dealership network. VinFast aims to offer affordable alternatives to Tesla in the Indian market and capitalize on the growing demand for EVs. Despite the challenges of the Indian EV industry, VinFast could have an advantage as one of the first EV-only companies operating in the country.
Vinfast to build integrated electric vehicle facility in Tamil Nadu with total investment of $2 billion
The company, in a statement said that it has committed $500 million for the first phase of the project and that the total outlay will span five years from the commencement date.
Former Vietnamese Diplomat Chau is CEO Vinfast India
Vietnam-based electric carmaker VinFast has appointed Pham Sanh Chau as its India CEO, a Vietnamese politician, educator, and diplomat with over two decades of experience. Chau played an important role in strengthening bilateral relations between Vietnam and India during his tenure as ambassador.
Vietnam's Vinfast committed to selling EVs to US despite challenges, intense competition
Worldwide, Vinfast sold just 19,562 EVs from April-September, well below its 2023 target of 50,000. But Vinfast is committed to riding the wave of countries trying to switch to EVs to cut emissions, Thuy said while speaking with The Associated Press at Vinfast's sleek headquarters in Hanoi.
VinFast firming up India entry strategy, plans to sell e-SUVs from April 2024
Vietnamese electric vehicle (EV) maker VinFast Auto plans to enter India's electric car market with two to three e-SUV models, starting with a compact SUV crossover in April 2024. The company aims to produce right-hand drive models for the Indian market and has identified it as its top right-hand-drive market.
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