Adani Group is in talks with Vietnamese electric vehicle (EV) manufacturer VinFast to bring the brand to India. VinFast is considering partnerships with local companies to navigate the Indian market and establish a reliable supply chain.
Potential Collaboration Adani x VinFast
VinFast, which is setting up a manufacturing plant in Tamil Nadu, is exploring partnerships with Adani Group and Megha Engineering & Infrastructures Limited (MEIL). These collaborations would help VinFast raise capital, manage labor relations, and build a credible component supplier base.
VinFast’s Plans
VinFast plans to roll out its electric cars from the Tamil Nadu facility in 2025. The company aims to showcase its vehicles at the Bharat Mobility Expo early next year. VinFast is also evaluating India’s new EV policy, which offers tax breaks for companies investing $500 million in local manufacturing.
Potential VinFast Cars for India
VinFast has announced several models that could be introduced in India:
- VinFast VF9: A premium seven-seater SUV with a range of around 500 km on a single charge. Expected launch: April 2025.
- VinFast VF8: A five-seater SUV with a range of approximately 400 km. Expected launch: June 2025.
- VinFast VF e34: A compact electric SUV with a range of about 300 km. Expected launch: July 2025.
- VinFast VF6: A mid-sized SUV with a range of around 350 km. Expected launch: August 2025.
- VinFast VF3: A budget-friendly electric SUV with a range of approximately 250 km. Expected launch: October 2025.
- VinFast VF7: A versatile SUV with a range of around 450 km. Expected launch: December 2025.
Benefits of Local Partnerships
A local partner like Adani Group or MEIL would be valuable in navigating the regulatory environment and managing labor relations. This would help VinFast establish a strong presence in the Indian market.
Our Thoughts
The potential partnership between Adani Group and VinFast could bring the Vietnamese EV brand to India, contributing to the country’s push for cleaner transportation. This collaboration would benefit both companies and help VinFast establish a strong foothold in the Indian market.