VinFast unveiled its VF6 and VF7 SUVs on the India Auto Show in New Delhi, because it hopes to attract consumers to its EVs and contribute to India’s targets of eliminating carbon emissions on a web foundation, mentioned Pham Sanh Chau, VinFast’s Asia CEO.
“We are turning our focus to India – our subsequent development frontier,” Chau informed reporters.
Nasdaq-listed VinFast counts North America and Vietnam as its major markets however is making an attempt to develop aggressively elsewhere. But the automaker has been reporting deepening losses as EV demand softens.
Electric fashions accounted for about 2.5 p.c of the greater than 4 million autos offered in India final 12 months. The authorities, focusing on 30 p.c by 2030, is engaged on a programme to draw EV makers.
VinFast mentioned final 12 months it might make investments $500 million (roughly Rs. 4,327 crore) in India over 5 years to construct a automobile and battery manufacturing unit, now below building within the southern state of Tamil Nadu, and launch new automobile fashions.
The manufacturing unit can have an preliminary capability of fifty,000 vehicles a 12 months and will be scaled as much as 150,000 primarily based on demand, Chau mentioned, including the corporate is appointing sellers in India and finding out investments in establishing charging infrastructure.
Like Tesla, VinFast has sought a discount from the Indian authorities on the one hundred pc import tax on absolutely constructed EVs to permit it to launch vehicles whereas its manufacturing unit comes on-line. The transfer has been opposed by home automakers.
© Thomson Reuters 2025
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
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