Business

VinFast Launches Two New Electric SUVs In India; Eyes Global Expansion

Vietnamese electric vehicle manufacturer VinFast has officially launched two new electric SUVs in India, marking a significant milestone in its international growth journey.

The company, known for its rapid rise in the EV space, now seeks to tap into India’s burgeoning green mobility sector.

The launch event, held in New Delhi, showcased the two electric SUV models designed specifically to meet the expectations of Indian consumers, with a strong emphasis on sustainability, design, and innovation.

Founded in 2017, VinFast has quickly emerged as one of Asia’s most dynamic EV companies.

Its foray into India is part of a broader global strategy that includes expansions into North America, Europe, and the Middle East.

The Indian market, with its policy incentives and growing demand for clean transportation, presents a key opportunity for the company.

VinFast’s entry into India aligns with the government’s goal of achieving 30% electric vehicle adoption by 2030.

With competitive pricing and advanced features, the company aims to appeal to a growing segment of environmentally conscious consumers.

Disrupting the Status Quo

The two models launched boast extended battery range, advanced driver assistance systems, and connected car technologies.

VinFast’s offerings are positioned to compete directly with established EV brands such as Tata, Mahindra, MG, and international players like Hyundai and BYD.

The company stated that it will assemble its vehicles locally, with plans to invest in a manufacturing facility in India.

This move is expected to reduce production costs and make its models more accessible to Indian buyers.

VinFast’s rise reflects Vietnam’s broader ambition to become a global player in electric mobility.

The company’s success abroad is not just about business; it also signals Vietnam’s entry into the global race for clean, smart transportation solutions.

“VinFast is proud to bring our products to India, a country with a strong commitment to sustainable development,” said the company’s global CEO during the launch. “We believe our vehicles will resonate with Indian consumers seeking innovation, quality, and sustainability.”

VinFast also announced its intention to build a network of retail showrooms, service centres, and charging stations across key Indian cities.

The company is currently exploring partnerships with local firms to establish a robust after-sales ecosystem.

With its India entry, VinFast joins a rapidly intensifying EV race. Its localised strategy, combined with its manufacturing ambitions and product innovation, could give it a unique edge in India’s evolving electric vehicle landscape.

The next few years will reveal whether the Vietnamese disruptor can carve out a strong foothold in one of the world’s most competitive EV markets.

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Anamika Agarwala

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