Vietnamese electric vehicle maker VinFast is planning a broad expansion of its product portfolio in India, targeting new passenger vehicle segments as well as the commercial EV market from 2026, as it positions the country as a key pillar of its global growth strategy.
The company will introduce its third passenger EV in India in February 2026 with the launch of the Limo Green electric MPV, making India the model’s first international market after its debut in Vietnam last year. “India is viewed as a strategic market for global expansion, and the company plans to introduce new models every six months,” according to local media citing VinFast management. The seven-seat Limo Green, currently sold only in Vietnam, is powered by a 150-kW front motor and a 60.13-kWh LFP battery, offering a range of about 450 km (NEDC).
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VinFast is also exploring India’s fast-growing electric two-wheeler market, which remains far larger than the passenger EV segment. About 1.2 million electric two-wheelers have been sold so far this year, compared with fewer than 100,000 electric cars, according to local industry estimates. In Vietnam, VinFast sells nine electric scooter and motorcycle models and is assessing dealer interest in introducing them to India.
In the commercial vehicle segment, VinFast plans to launch electric buses in India by August 2026, targeting potential fleet orders from state transport operators including Andhra Pradesh, Maharashtra, Tamil Nadu, Telangana and Uttar Pradesh. The company currently offers three electric bus models globally: the EB 6, EB 8 and EB 12, covering six-, eight- and 12-metre segments.
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In India today, VinFast sells only the VF 6 and VF 7 electric SUVs, which are assembled from imported CKD kits at its plant in Thoothukudi, Tamil Nadu. The company is in talks with suppliers to deepen localisation and transition toward full-scale local manufacturing.
VinFast’s ride-hailing affiliate Green and Smart Mobility (GSM) is also scheduled to begin operations in India next year, using only VinFast vehicles. Drivers will be trained to act as sales agents to help boost retail demand, the company said.
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The India expansion comes as VinFast faces mounting financial pressure. Last month, the company reported a third-quarter net loss of 24 trillion dong ($1.2 billion), up sharply from a year earlier, as heavy spending on market expansion and higher warranty and production costs weighed on margins. Gross margin remained deeply negative at -56.2%.
Separately, Reuters reported on Monday that VinFast is considering equipping some future models with small petrol range-extender engines, indicating a potential partial shift from its previously all-electric-only strategy.
Source: autocarpro.in, financialexpress.com