Try GOLD - Free
Vietnam's VinFast Has a Plan to Disrupt India's EV Market
Mint Mumbai
|September 08, 2025
VinFast is planning to price premium models competitively, localize car parts, and grow outlets to 27 cities
As competition in India's electric vehicles space intensifies, Vietnamese conglomerate Vingroup's flagship automaker VinFast has chalked out a three-pronged strategy to take on carmakers like Tata Motors, and Mahindra and Mahindra.
In a bid to win over customers and capture market share in India, VinFast aims to price premium models aggressively, source car parts locally, and grow dealerships to 27 cities.
VinFast has begun its India campaign with the launch of two new electric sports utility vehicles (SUVs), VF6 and VF7. While variants of the VF6 are priced at ₹16.49-18.29 lakh, the more advanced VF7 has prices in the range of ₹20.89 lakh to ₹25.49 lakh.
The price points place its models in direct competition with Indian carmakers Tata Motors, with the Tata Curvv EV and Tata Harrier EV, and M&M, offering the BE6 and XEV 9e in a similar price bracket.
JSW MG Motor, a joint venture between India's JSW and China's SAIC, offers its flagship Windsor EV and ZS EV in a similar price range, while Korean carmaker Hyundai Motor India Ltd markets the Creta Electric.
This story is from the September 08, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
H-IB fee hike Trump's second blow to gems & jewellery firms
Losing sparkle
2 mins
October 13, 2025
Mint Mumbai
Slow drive for e-trucks as local sourcing rule bites
E-truck manufacturers wary of ambitious indigenization due to concerns over tepid demand
2 mins
October 13, 2025
Mint Mumbai
YOGA, AYURVEDA—INDIA CAN LEAD THE WISDOM ECONOMY
I was watching a video of a meditation studio in Manhattan when it struck me yet again. Twenty people, mostly American professionals, sitting cross-legged on expensive mats, were following breathing techniques that our grandparents and ancestors practised every morning.
2 mins
October 13, 2025
Mint Mumbai
Existing investors pour in $40 million into Dezerv
Wealth management platform Dezerv has raised ₹350 crore (about $40 million) in a new funding round from its existing investors, the company's top executive told Mint.
1 mins
October 13, 2025
Mint Mumbai
THE RECIPE OF TRUMPING ODDS: THE RSS PLAYBOOK
I have been watching Rashtriya Swayamsevak Sangh (RSS), now in its 101st year, for more than 50 years. Today, when its swayamsevaks (volunteers) are in power in Delhi and 14 other state capitals, there’s a curiosity about the secret of its success.
3 mins
October 13, 2025
Mint Mumbai
Can a hint of silver find place in your precious metals strategy?
Silver can deliver short-term gains but is more volatile than gold; limit exposure to 2-4% due to its inherent risks
5 mins
October 13, 2025
Mint Mumbai
US negotiators push for e-comm inventory model
Embassy in New Delhi said, “Due to the lapse in appropriations in the US government, we are unable to respond to routine press inquiries.”
1 mins
October 13, 2025
Mint Mumbai
Fashion tech firms struggle for funding fit
A few players are showing promise by combining AI with commerce
2 mins
October 13, 2025
Mint Mumbai
Thinking Machines Lab co-founder departs for Meta
A co-founder of Mira Murati ’s Thinking Machines Lab has left to join Meta Platforms, the startup confirmed Saturday.
2 mins
October 13, 2025
Mint Mumbai
Traffic data to guide road project model
The Centre plans to mandate awarding new highway projects under the build-operate-transfer (BOT) model if the traffic data, generated through the electronic toll collection system FASTag shows that private developers can earn at least 15% annual returns from toll collections, two people aware of the matter said.
2 mins
October 13, 2025
Listen
Translate
Change font size