Introduction

Vietnamese electric vehicle (EV) manufacturer VinFast, a subsidiary of Vingroup, has announced its entry into India’s burgeoning EV market, showcasing its vision at the Bharat Mobility Global Expo 2025. With a plant in Tamil Nadu and plans to introduce electric SUVs VF 6 and VF 7 by the monsoon, the company is making strategic moves to establish a foothold in a competitive yet emerging segment.

Strategic Ecosystem Approach

VinFast’s CEO emphasized a comprehensive ecosystem approach, focusing not just on selling vehicles but on developing the infrastructure required for a zero-emission future. Key initiatives include:

1. Battery Manufacturing Partnerships: Collaborating with local or global players to boost battery production and reduce costs.

2. Localization Efforts: Partnering with Indian vendors to enhance local sourcing and reduce import dependency.

3. EV Ecosystem Expansion: Introducing Vingroup’s subsidiaries like VinES (battery solutions), V-Green (charging infrastructure), and FGF (used EV trading and leasing).

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