VinFast To Invest $500M In India, Plans EV SUV Launch By Festival Season

Ashwin Patil, Deputy CEO of VinFast India, shared with Business Today TV's Chetan Bhutani that 2025 will be a pivotal year for electric vehicles in India. VinFast plans a $500 million investment in a manufacturing plant with an initial capacity of 50,000 units, expandable to 1.5 lakh units. The company aims to launch its first electric SUV in India before the festival season and will focus exclusively on the SUV segment. Additionally, VinFast is considering establishing its own charging infrastructure to support its vehicles.