Vietnamese electric vehicle manufacturer VinFast is in talks with Hyderabad-based Megha Engineering & Infrastructures (MEIL) and the Adani Group for potential partnerships as it gears up to roll out cars in India.
VinFast is looking for a local partner to help navigate the Indian market and establish a supply chain. While discussions are ongoing, no final decisions have been made.
Furthermore, VinFast’s plan includes launching electric cars from its Tamil Nadu factory in 2025 and presenting its models at the Bharat Mobility Expo next year. VinFast is planning to raise a portion of the funds locally and take use of local knowledge in labor relations, regulatory compliance, and building a cost-effective supplier base, which is what led the company to decide to look for local partnerships.
Concerns Over India’s EV Policy
Initially enthusiastic about the Indian government’s new EV policy, which offers import tax benefits for companies investing $500 million in local manufacturing, VinFast now appears hesitant to participate in India’s new electric vehicle (EV) policy.
Maharashtra government has introduced major changes to motor vehicle tax, which is likely to affect car owners, electric vehicles, and commercial vehicles.
Mahindra has a structured production ramp-up plan to meet growing demand. The BE 6e is a sporty, performance-driven SUV, while, the XEV 9e is a luxurious SUV with refined elegance. The XEV 9e and BE 6 are based on the same platform.
BYD India has launched updated versions of both the Atto 3 and Seal for the 2025 model year. The upgrades have been introduced on the launch anniversary of the BYD Seal.
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