VinFast’s ambitious expansion in India, marked by the launch of VF6 and VF7, sets the stage for its global growth.
VinFast is accelerating its presence in India with unprecedented speed, positioning the country as a strategic market in its global expansion journey. Following the September launch of the VF6 and VF7 models, the Vietnamese electric vehicle (EV) manufacturer has unveiled a series of new initiatives.
The company plans to introduce the Limo Green electric MPV to the Indian market in February 2026, marking its third vehicle launch in the country.
Phạm Sanh Châu, CEO of VinFast Asia, stated that the Limo Green will compete in the premium segment, similar to the VF6 and VF7, directly rivaling popular family EVs like the Kia Carens Clavis EV and BYD eMax 7. He emphasized VinFast’s goal of launching a new model every six months in this vast and promising market.
Since the launch of the VF6 and VF7, VinFast has established a network of 26 dealerships across India. The Limo Green is expected to spearhead the company’s 2026 expansion phase, paving the way for further initiatives from the Vietnamese EV maker.
VinFast’s diversification into electric two-wheelers and buses underscores its commitment to India’s sustainable mobility.
Expanding into Electric Two-Wheelers and Buses
Beyond passenger cars, VinFast is set to enter India’s electric two-wheeler market in Q2 of fiscal year 2026. Models such as the Evo, Feliz, Klara, and Vero will compete with established brands like TVS Motor, Bajaj Auto, Ather Energy, and Ola Electric. “India’s electric two-wheeler market holds immense potential. We’re launching in 2026,” confirmed Châu.
Simultaneously, VinFast is preparing to launch electric buses in India by August 2026. The company is in talks with State Transport Undertakings (STUs) in Maharashtra, Tamil Nadu, Uttar Pradesh, Andhra Pradesh, and Telangana to secure orders. VinFast’s electric buses, ranging from 6 to 12 meters in length, offer a maximum range of 260 km per charge and utilize a 281 kWh battery—ideal for India’s urban public transport needs.
Already sold in Vietnam and recently piloted in Europe, VinFast’s entry into India’s electric bus market—dominated by Tata Motors, Switch Mobility, and Olectra—is seen as a bold yet strategic move to diversify its product portfolio.
As India prepares to deploy 10,900 electric buses under the PM E-Drive program, VinFast’s arrival could introduce competitive options for the country’s green transportation transition.
GSM’s entry into India’s ride-hailing market promises a unique, fully electric and owned-fleet model.
GSM Set to Revolutionize India’s Ride-Hailing Sector
Another pillar of VinFast’s Indian strategy is the launch of GSM, an electric ride-hailing service under Vingroup. Scheduled for February 2026, GSM will operate a 100% VinFast fleet, including the Limo Green.
Already present in Vietnam, Indonesia, the Philippines, and Laos, India will be GSM’s fifth market. Unlike Uber, Ola, or Rapido, GSM owns its entire fleet of electric cars and two-wheelers, ensuring consistent service quality.
Phạm Sanh Châu highlighted that GSM drivers will also act as direct salespeople for VinFast. “In Jakarta, our 10,000 drivers are trained to promote our products. India will follow this model,” he said.
GSM’s differentiated approach could reshape India’s competitive electric ride-hailing landscape.
GSM’s launch comes amid intense competition in India’s electric ride-hailing market. BluSmart, a fully electric ride-hailing platform, recently faced regulatory scrutiny, creating opportunities for new entrants.
VinFast has announced a $2 billion investment in India, with $500 million already allocated to build a factory in Thoothukudi, Tamil Nadu. The facility, capable of producing 50,000 vehicles annually, can scale up to 150,000 units. Unlike Tesla, which primarily imports vehicles, VinFast’s localization strategy aims to reduce costs and enhance competitiveness.
Source: Autocar
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