Vietnamese EV Maker VinFast To Enter India In 2025: All Details

VinFast, a Vietnamese EV company, is all set to enter the Indian market.

[{"selector":"#anim-bc43e68d-8d43-426f-acf9-e1434b011d97 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-13.191009590622741%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

This new approach follows the rapid inauguration of VinFast’s plant in Tamil Nadu.

[{"selector":"#anim-1da6b589-8d12-4ee6-bf27-853ead2f5988 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(18.406094700537274%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The EV manufacturer's new plant is scheduled to open in the first half of 2025.

[{"selector":"#anim-9c493fc1-9094-4ac3-b971-389839c063ac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

VinFast plans to introduce its first locally built EV during the 2025 festive season.

[{"selector":"#anim-e520d72d-6750-44e4-8d3e-a24d03027018 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(13.748380660052291%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The costs of the EV would range between Rs 25 lakh and Rs 30 lakh.

[{"selector":"#anim-62512dc9-2906-4a92-9bde-ef1e61bc44c4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The EVs will be placed in the premium affordable section.

[{"selector":"#anim-4841b142-8828-4d62-8fef-9e97e399d062 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(8.224084775082012%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The cars are predicted to have a driving range of 300 to 500 kilometres.

[{"selector":"#anim-cfa74204-69ad-44ee-a5b4-94b53657779e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

VinFast intends to invest USD 500 million in the next five years.

[{"selector":"#anim-cbbe6791-d90b-4c01-8114-fb178018765c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The 400-acre factory will employ 3,000-3,500 people and have an annual output capacity of 150,000 units.

[{"selector":"#anim-4d3aa944-5482-4cd1-a337-5e018478a60d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

VinFast is seen as a major contender to Elon Musk's Tesla in the global EV industry.

[{"selector":"#anim-fdf05d0b-d3c5-40d5-8dc7-7358f887a565 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]