Key facts
- VinFast aims to make India one of its two largest markets.
- VinFast expects Asia to account for 90% of global sales by 2030.
- The company plans to expand local production in India.
- Electric motorbikes will be sold in India next year.
Vietnamese electric vehicle maker VinFast is targeting India as a key growth market to reduce its reliance on domestic demand and expand its presence across Asia. The company anticipates that Asia will contribute 90% of its global sales by 2030. VinFast plans to increase its production capacity within India and intends to launch electric motorbikes in the Indian market next year.