VinFast Electric Cars in India 2024: Vietnamese EV maker VinFast is planning to invest a substantial $2 billion in a manufacturing plant in Tamil Nadu. VinFast, the Vietnamese automotive company founded in 2017, is set to make its mark in India with the establishment of a new electric vehicle assembly plant. This move marks an important step for VinFast, as it became the first Vietnamese car brand to expand globally.
VinFast is known for its focus on producing electric vehicles (EVs), including cars, scooters, and buses, while also offering some internal combustion engine (ICE)-powered cars. The company gained international attention when it revealed its first two car models, the VinFast Lux A2.0 and the VinFast Lux SA2.0, at the 2018 Paris Motor Show.
VinFast Electric Cars in India 2024
| VinFast | Details |
|---|---|
| Global Expansion | First Vietnamese car brand to expand globally |
| Product Focus | Electric vehicles (EVs): cars, scooters, buses; also sells some ICE-powered cars |
| Key Models | VinFast Lux A2.0, VinFast Lux SA2.0 |
| Collaborations | BMW for Lux models, General Motors for small car, Siemens for advanced technologies |
| Market Presence | Popular in ASEAN markets; known for Lux series; exported to Europe, Australia, Africa |
| Achievements | Fifth-best-selling car brand in Vietnam in 2020 |
VinFast Collaborations for Success
- Collaborated with BMW for the Lux series, based on BMW 5-series and X5, powered by BMW N20 turbocharged petrol engine.
- Teamed up with General Motors and Siemens in 2018 for small car development and advanced technologies, respectively.
The First Launching: VF 6
- The VF 6 is a midsize SUV with a 60 kWh battery pack, 400 km range, 174 hp, and 250 Nm torque.
- Priced around ₹18 lakh ex-showroom, the VF 6 is expected to arrive by 2030 with advanced driver-assistance systems (ADAS) features.
| VinFast EVs in India | Details |
|---|---|
| Production Plan | 150,000 electric cars per year for sale in India and export |
| Product Features | Premium quality, competitive pricing |
| First Model | VF 6, midsize SUV, 60 kWh battery pack, 400 km range, 174 hp, 250 Nm torque |
| Pricing | Around ₹18 lakh ex-showroom |
| Arrival | Expected by 2030 with ADAS features |
| Indian Facility | Details |
|---|---|
| Investment Deal | $500 million investment in 400-acre area for electric car plant in Tamil Nadu |
| Investment Timeline | Over the next 5 years |
| Job Creation | 3000-3500 job opportunities |
| Production Capacity | Over 150,000 cars |
| Goals | Contribute to Indian localization, GDP |
| Export Focus | Aiming to make India a major export hub |
VinFast’s Electric Cars in India
- The plant in India is set to produce 150,000 electric cars per year, catering to the Indian market and exports.
- These cars will offer premium quality and competitive pricing, designed to appeal to Indian consumers.
VinFast entry into India signifies an important step towards a sustainable and innovative automotive future, both for the company and for Indias growing electric vehicle market.
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