A new report from ET Auto says that VinFast, the automotive division of Vietnamese conglomerate Vingroup, will locally assemble electric cars in India. Expensive pricing for initial EVsThe report says that VinFast will likely launch EVs with 300-500 km of range in the ₹2.5-3.0 million (approx. Such pricing could make them very expensive for the average Indian, which typically shops in price segments below ₹2.0 million (approx. According to local newspaper Business Standard, the average selling price of passenger vehicles in the country is just ₹1.15 million (approx. The report suggests VinFast may meet these requirements but is considering taking advantage of it eventually.

Source: Economic Times July 03, 2024 14:22 UTC