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Electric vehicles

VinFast Enters Indian Electric Vehicle Market with Competitive Pricing, Ambitious Expansion Plans

Strategic Insights

— 1 min read

Vietnamese electric vehicle manufacturer VinFast has made its debut in the Indian market with two electric SUVs, the VF6 and the VF7, priced competitively to undercut several Tata and Mahindra electric SUVs. The VF6 and VF7 are being locally assembled in India at the Thoothukudi facility of VinFast, playing a significant part in the competitive price of both models. Bookings for the VinFast VF6 and VF7 are now open with a refundable token amount of Rs 21,000, with deliveries slated to start later this year.

Key Takeaways:

  • VinFast has launched two electric SUVs, the VF6 and the VF7, priced competitively with introductory ex-showroom prices starting at Rs 16.49 lakh and Rs 20.89 lakh, respectively.
  • The VF6 comes with a 59.6kWh battery pack, a 2,730mm long wheelbase, and 190mm ground clearance, promising a top range of 468 kms.
  • The VF7 is a larger model, more than 4,500mm in length, with two battery packs and five variants, including two interior colour options and two drivetrain options -- FWD and AWD.
  • VinFast plans to expand its output from 50,000 units in the first phase to 150,000 units in the second phase, prioritising local assembly in India.
  • The company has set up 32 outlets across 27 cities in India, via partnerships with 13 dealer groups, and has forged strategic alliances with firms like RoadGrid, myTVS, Global Assure, and BatX Energies for charging infrastructure, diagnostics, and battery recycling solutions.
  • VinFast plans to expand into electric two-wheelers, commercial vehicles, charging networks, and potentially the hospitality sector, expressing optimism about India's market.
  • The company will provide complimentary charging and maintenance until 2028 for all customers.

Statistics:

  • VinFast's introductory ex-showroom prices for the VF6 and VF7 start at Rs 16.49 lakh and Rs 20.89 lakh, respectively.
  • The VF6 has a 59.6kWh battery pack, a 2,730mm long wheelbase, and 190mm ground clearance, promising a top range of 468 kms.
  • VinFast plans to expand its output from 50,000 units in the first phase to 150,000 units in the second phase.
  • The company has set up 32 outlets across 27 cities in India.
  • VinFast has forged strategic alliances with 13 firms, including RoadGrid, myTVS, Global Assure, and BatX Energies.

Sources:

  • DNA (Daily News & Analysis)
  • Contify.com

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