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.
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 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.
VinFast has announced several models that could be introduced in India:
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.
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.