Vietnamese EV maker VinFast India is targeting a top-four spot in India’s EV market as it steps up launches, local assembly, and ecosystem investments in the country. Speaking to Autocar Professional, Pham Sanh Chau, CEO of VinFast Asia, said the company wants to retain its current momentum through 2026, even as competition in the EV space continues to intensify.
Recent Sales Momentum
VinFast recently entered the top four EV brands by retail sales in December, delivering over 400 vehicles during the month. It ranked behind Tata Motors, JSW MG Motor, and Mahindra & Mahindra. “Our objective for 2026 is to maintain the fourth position in the EV OEM list. It’s challenging, but that’s what we’re working towards,” Chau said.
The brand’s India portfolio currently includes the VinFat VF6 and VinFast VF7 electric SUVs, both of which are already launched and assembled locally. These models form the base of the company’s India operations.
Upcoming Model Plans
As part of its next phase, the brand also plans to expand its lineup with the VinFast VF3 compact electric SUV and the Limogreen electric MPV. The company is also evaluating the VF5 as a potential entry-level EV for India, according to people familiar with the plan.
Instead of launching several models at once, VinFast plans to introduce one new product roughly every six months. This phased approach, Chau said, allows customers to better understand each offering while helping the company scale in a controlled way.
Local Assembly Advantage
VinFast believes its early decision to set up local assembly in India, along with clear pricing and investments in sales and service, has helped it gain traction faster than some other new entrants. “We already have an assembly factory in India. We’re clear about who our customers are and how we price our products. And we’ve invested in sales and after-sales to build confidence,” Chau said.
VinFast India is also leaning on fleet and institutional sales to build volumes and improve brand visibility. At the same time, VinFast is growing its charging network through V-Green to support its expanding EV lineup.
Even with growing competition, VinFast says it sees India as a long-term market rather than a quick volume opportunity. “We’re not coming in all at once. We’re moving step by step, focusing on building a strong foundation,” Chau added.
