At No. 4, VinFast racing towards podium finish in India EV mkt

Tesla, which also made its India debut in July 2025, is making inroads cautiously

- SHINE JACOB

Six months after its India debut, Vietnamese automaker VinFast has become the country’s fourth-largest electric vehicle (EV) seller, overtaking established players such as Hyundai Motor, BMW, Kia, and Chinese EV major BYD.

Tesla, which also forayed into India along with VinFast in mid-July, has made only limited inroads in the premium segment.

VinFast’s strategy of aggressive pricing in the mid-premium category, domestic manufacturing, and an expanding retail footprint has helped it sell 1,161 units over the past six months. Tesla, on the other hand, reported sales of 259 units during the same period.

In January so far, Tata Passenger Electric led the market with sales of 5,545 units, followed by JSW MG Motor (3,503 units) and Mahindra Electric (2,670 units). VinFast ranked fourth with 336 units sold. The Vietnamese automaker also held the fourth position in December, with sales of 375 units. Meanwhile, Hyundai sold 255 units in January so far, BMW around 228 units, Kia 209 units, and BYD about 151 units, according to data from Envirocatalysts.