Vietnamese electric vehicle manufacturer VinFast is reportedly pivoting its expansion strategy by developing two new models tailored specifically for the Indian market, according to industry sources. This marks a shift from its previous global approach, signaling a deeper commitment to localizing production and meeting regional demand. The move comes as competition in India’s booming EV sector intensifies, with automakers racing to secure market share through customized offerings. Analysts suggest the decision reflects VinFast’s aim to leverage India’s growing appetite for affordable electric vehicles while navigating regulatory and infrastructure challenges.
EXCLUSIVE: VinFast plans to develop two India-specific EVs in strategy shift, sources say Reuters
