Exclusive-VinFast plans to develop two India-specific EVs in strategy shift, sources say
VinFast is targeting an entry-level model below $12,000 as it shifts to locally adapted vehicles after suspending plans for three global models.
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8 Articles
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.
VinFast plans two new EVs built specifically for India
A company burning cash this fast shouldn’t be able to afford a second miscalculation in a market it calls central to survival. By Stewart Burnett Vietnamese automaker VinFast plans to develop two new electric vehicles (EVs) exclusively for the Indian market, internally codenamed VF X and VF Y, five people familiar with the discussions have [...]
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