VinFast unveils plans to enter India’s EV market
VOV.VN - Leaders of VinFast, Vietnam’s first electric vehicle (EV) maker, recently met with 25 auto retailers in India as they consider the establishment of a manufacturing unit in the world's third largest auto market, according to the Economic Times on October 3.
According to details of the plan, VinFast will enter the Indian automobile market with three electric car models. This may include a compact SUV crossover in April 2024, followed by a full-size sedan and more models subsequently.
The first model will be the VF e-34 which is a compact SUV crossover and will be fully exported, while the VF e-36, VF6, and VF7 EV models will be assembled in India in the first phase before starting the domestic production process.
The media outlet revealed that the two states of Tamil Nadu in the south and Gujarat in the west are being considered to be the company’s production factory in India.
Meanwhile, the central state of Maharashtra is also in the process of lobbying VinFast to invest there in the near future.
The company expects that the EV factory is capable of producing 50,000 units per year in its initial phase and then between 200,000 and 300,000 moving forward.
