As the world shifts towards sustainable mobility, India is gearing up for a significant transformation with the arrival of Vietnamese electric vehicle (EV) giant, VinFast. Displayed at the Bharat Mobility Expo, also known as the Auto Expo 2025, VinFast’s lineup of upcoming electric cars in India, including the VF3, VF6, VF7, VF8, and VF9, has captured the attention of car enthusiasts and industry leaders alike. This move marks a new chapter for VinFast, a proud member of Vingroup—Vietnam’s largest private conglomerate.
VinFast’s Rapid Ascent
VinFast’s journey has been nothing short of remarkable. Becoming the number one car seller in Vietnam within just 21 months of its launch, the company made its global mark by launching smart EVs in 2022. Known for offering a seamless customer experience, design-centric features, superior craftsmanship, and intelligent infotainment systems, VinFast’s vehicles are tailored to deliver a personalized lifestyle.
Strategic Entry into India
On Monday, VinFast acknowledged the Indian government’s recent announcement of a new EV policy, which aims to boost investments in manufacturing, create competencies, upskill the workforce, and establish a robust supply chain for upcoming electric cars in India. Pham Sanh Chau, CEO of VinFast India, expressed optimism about the policy’s potential to foster growth and innovation in the EV sector.
Tamil Nadu Plant
In January 2025, VinFast signed a memorandum of understanding (MoU) with the Tamil Nadu government to set up an integrated EV manufacturing plant. This facility will assemble completely knocked-down (CKD) parts of the EVs, with an initial capacity of 50,000 vehicles per year. The company has pledged an investment of $500 million, underscoring its long-term commitment to India’s EV market.
New Policy for Upcoming Electric Cars in India
The Indian government’s new EV policy, approved last week, offers significant incentives to attract major multinational companies. The policy allows companies investing a minimum of ₹4,150 crore to import a limited number of vehicles at reduced customs duties, provided they meet domestic value-added conditions.
Investors have three years to set up manufacturing facilities, commence commercial production, and achieve 50% domestic value addition (DVA) within five years (25% by the third year). This initiative is expected to position India as a global hub for EV manufacturing and technology.
Industry Reactions
The policy has been well-received by industry leaders. Bhavish Aggarwal, Founder and CEO of Ola Electric, lauded the government’s decision to lower import duties for companies investing in India.
Conclusion
With VinFast’s entry and the supportive EV policy framework, India is poised to become a significant player in the global EV market with the lineup of upcoming electric cars in India. The combination of cutting-edge technology, sustainable practices, and favorable government policies promises a bright and green future for India’s automotive industry. VinFast’s commitment to quality and innovation will undoubtedly play a crucial role in this transformation, setting new benchmarks in the Indian EV landscape.
