The increasing prices of petrol in India have led to a growing demand for electric cars in the country. This trend has also influenced foreign EV manufacturers, including Vietnamese electric car maker VinFast, to consider entering the Indian market. VinFast competes with brands like Tesla and BYD in the global market. Let’s find out which car models the company could introduce in India.
One of VinFast’s most affordable electric SUVs, the VFe34, could be launched in the domestic market when the automaker establishes its new manufacturing plant in India. In Vietnam, this car is sold with a claimed range of 319 kilometers and a 41.9 kWh battery pack. It is expected to be priced starting at INR 25 lakh in the Indian market, which could make it a formidable competitor to EVs like Hyundai Creta.
Another offering from VinFast could be the VF7, which could be imported to India as a completely built unit (CBU) after its entry into the Indian market. This electric SUV comes with a 73.5 kWh battery pack, offering a range of up to 450 kilometers according to WLTP standards. The expected price for the Indian market is around INR 50 lakh (ex-showroom), positioning it against vehicles like Hyundai Creta.
VinFast may also introduce the VF8, a larger coupe SUV, in the Indian market. This model features a dual-motor setup and an 87.7 kWh battery pack, providing a WLTP claimed range of 425 kilometers. Expectations are that it will have a starting price of around INR 60 lakh (ex-showroom).
With the entry of VinFast and its lineup of electric vehicles, the Indian market will witness increased competition in the EV segment. This could lead to more choices for consumers and potentially drive down the cost of electric vehicles in the country.
Summery:
VinFast, a Vietnamese electric car maker, is planning to enter the Indian market due to the increasing demand for electric vehicles caused by rising petrol prices. The company competes with global EV manufacturers like Tesla and BYD. If VinFast enters India, it is expected to launch several car models including the VFe34, which is affordable and can compete with the Hyundai Creta in terms of looks and price. Another model that could be introduced is the VF7, which has a claimed range of 450 km and a battery pack of 73.5 kWh. The VF8, a larger SUV with a dual-motor setup and a battery pack of 87.7 kWh, is another option. The prices of these models in the Indian market are expected to start at 25 lakh rupees for the VFe34, 50 lakh rupees for the VF7, and 60 lakh rupees for the VF8.
