VinFast Signs Deals To Set Up 50 E-Motorcycle Showrooms Across India
With an eye on entering the homegrown electric two-wheeler (E2W) market, Vietnamese EV maker VinFast has signed letters of intent…
Vietnamese EV manufacturer VinFast has inked letters of intent (LoIs) with over 50 dealers in India to establish a network of 50+ e-motorcycle showrooms across 34 cities in 15 states and union territories. This move aims to bolster the Indian electric two-wheeler (E2W) market, which includes a significant potential for electric vehicle adoption.
The showrooms will be located in prominent cities such as Delhi NCR, Rajasthan, Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu, and West Bengal. VinFast's India CEO, Anurag Saxena, emphasized that these dealer locations will bring electric mobility solutions closer to consumers and enable the company to strengthen its after-sales services and charging infrastructure.
The E2W segment in India is currently led by established manufacturers like TVS Motor, Bajaj Auto, and Hero MotoCorp, but VinFast plans to compete with emerging homegrown players like Ather and Ola Electric. Earlier this year, VinFast projected investment of $2 billion in India to expand its annual production capacity from 50,000 units to 1.5 lakh units.
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