Vietnam's Vinfast launches electric SUVs VF6 & VF7 in India - Check prices

Vietnam’s largest car manufacturer Vinfast Auto Ltd launched its first electric vehicles in India on Saturday. While Vinfast Tesla Inc., Tata Motors Ltd. and others in the world’s third largest car market, it rolled out FF6, a compact SUV, on Saturday. The cheapest model of VF6 will be priced from £ 16 Lakh. Vinfast’s Indian debut comes a few weeks after Tesla introduced its electric cars in the country. Vinfast, based on Hai Phong, said he will also start the VF7 middle size SUV from about £ 20 lakh in India. The car manufacturer opened his first showroom in India in July and plans to expand to 35 traders in 27 cities by December 2025. According to the Vietnam company, the pricing is introductory and limited to the first 1,500 cars it sells, or until November 30, whichever comes. Compared to Tesla’s Model Y and Byd’s Atto 3 -SUV at around £ 25 Lakh, Vinfast’s EVs were priced at competitive rates. Vinfast Asia CEO Pham Sanh Chau said the company chose to launch models in the middle to slightly premium segments in India. The strategy puts it in direct competition with homemade players like Mahindra & Mahindra Ltd. and Tata Motors Ltd. as well as Hyundai Motor India Ltd. and Maruti Suzuki India Ltd, reports Bloomberg News. To attract customers, the company offers free levy for three years through the VingRoup-Laairarm V-Green. V-Green, which will start in India with a plan to build 15,000 chargers in a year across the country, has completed arrangements with banks to finance its franchises, Chau said. The car manufacturer started his first outside Vietnam in July in the Thoothukudi plant, in Tamil Nadu with an initial capacity of 50,000 vehicles per year. It aims to increase production within a year to an annual capacity of 150,000 and double it within the next three years. In 2024, the company worldwide delivered 97.399 EVs. It plans to double it this year. In April, Vinfast founder Pham Nhat Vuong said that car manufacturer Asia – including India, Indonesia and the Philippines – will prioritize over North America and Europe, where high logistics costs on margins weigh.