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VinFast in early talks to develop two India-specific EVs, Inc42 reports · Digg

VinFast in early talks to develop two India-specific EVs, Inc42 reports

Inc42 says the models under discussion are codenamed VF X and VF Y, with VF X expected to target the affordable EV segment at a price below $12,000.

Inc42 reports that VinFast is in early talks with Indian suppliers to develop two India-specific EVs, codenamed VF X and VF Y. The outlet says VF X is expected to target the affordable segment with a price below $12,000. It describes a shift away from adapting global models for India after VinFast suspended plans to manufacture some of those models locally amid cost concerns. Inc42 also says the Vietnamese automaker has pledged $2 billion in investment in India and sold 2,198 EVs in August.

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VinFast in early talks to develop two India-specific EVs, Inc42 reports

Inc42 says the models under discussion are codenamed VF X and VF Y, with VF X expected to target the affordable EV segment at a price below $12,000.

Inc42 reports that VinFast is in early talks with Indian suppliers to develop two India-specific EVs, codenamed VF X and VF Y. The outlet says VF X is expected to target the affordable segment with a price below $12,000. It describes a shift away from adapting global models for India after VinFast suspended plans to manufacture some of those models locally amid cost concerns. Inc42 also says the Vietnamese automaker has pledged $2 billion in investment in India and sold 2,198 EVs in August.

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Inc42@Inc42 2 hrs ago
🚗. @VinFastofficial is reworking its India EV strategy with two new India-specific models. 👇 The Vietnamese EV maker is reportedly in early talks with Indian suppliers to develop two new EVs, internally codenamed VF X and VF Y, marking a shift from adapting its global models…
bit.ly
/4iic4LU
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@Inc42🚗. @VinFastofficial is reworking its India EV strategy with two new India-specific models. 👇 The Vietnamese EV maker is reportedly in early talks with Indian suppliers to develop two new EVs, internally codenamed VF X and VF Y, marking a shift from adapting its global models for India. The VF X is expected to target the affordable EV segment with a price below $12,000, putting VinFast up against established players in India’s mass-market EV space. The strategic reset comes after VinFast suspended plans to locally manufacture some global models amid cost concerns. At the same time, the company has pledged $2 Bn investment in India and is seeing stronger traction, with 2,198 EVs sold in August. 🔗 From global models to India-first EVs, VinFast is changing gears. Read the full story here: https://bit.ly/4iic4LU #VinFast #EVs #ElectricVehicles #Auto #News

Posts from X

1 post

IN
Inc42@Inc42 2 hrs ago
🚗. @VinFastofficial is reworking its India EV strategy with two new India-specific models. 👇 The Vietnamese EV maker is reportedly in early talks with Indian suppliers to develop two new EVs, internally codenamed VF X and VF Y, marking a shift from adapting its global models…
bit.ly
/4iic4LU
- likes: 0
- replies: 0
- bookmarks: 0
- reposts: 0