Quick Overview
- VinFast’s Indian assembly plant in Thoothukudi, Tamil Nadu, is set to commence operations by the end of June 2025.
- The facility aims for an annual production capacity of up to 150,000 electric vehicles.
- VinFast shifts focus to Asian markets, including India, Indonesia, and the Philippines, amid challenges in North America and Europe.
Vietnamese electric vehicle manufacturer VinFast is poised to make a significant entry into the Indian automotive market with the inauguration of its assembly plant in Thoothukudi, Tamil Nadu, scheduled for the end of June 2025.
The facility, part of a planned $2 billion investment, will initially see a commitment of $500 million over the first five years. Once operational, the plant is expected to have an annual production capacity of up to 150,000 vehicles.
VinFast’s strategic pivot towards Asian markets comes in response to challenges faced in North America and Europe, including high logistics costs and tariff uncertainties. The company now aims to focus on markets like India, Indonesia, and the Philippines.
In India, VinFast plans to introduce models such as the VF 6 and VF 7. The VF 7, a compact electric SUV, features a 75.3 kWh battery pack, offering a claimed range of up to 450 kilometers. The VF 6, slightly smaller, is expected to provide a range of around 400 kilometers.
Also read: This Upcoming Electric SUV Can Shake Up The EV Space
Competitors in the Segment
VinFast’s entry into the Indian EV market will see it compete with established players like Tata Motors, Mahindra, MG Motor, and Hyundai. The VF 7, in particular, will contend with models such as the MG ZS EV and the Hyundai Kona Electric.
Final Thoughts
As VinFast gears up to commence operations in India, the automotive landscape is set for an exciting shift. With its focus on electric mobility and strategic investments, VinFast’s entry could accelerate the adoption of EVs in the country. Only time will tell how this Vietnamese automaker fares in the dynamic Indian market.