VinFast signs letters of intent for over 50 electric two-wheeler showrooms in India
With these LOIs, the company plans to set up more than 50 two-wheeler showrooms across 34 cities in 15 states and Union Territories. The showrooms will be set up in Delhi-NCR, Rajasthan, Punjab, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Maharashtra and Gujarat, the company said in a statement.
Vietnamese electric vehicle manufacturer VinFast has signed Letters of Intent with over 50 dealers in India to establish electric scooter showrooms. The company aims to set up showrooms across 34 cities in 15 Indian states and Union Territories. The first round of showrooms will open in Delhi-NCR, Rajasthan, Punjab, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Maharashtra, Gujarat, Karnataka, Telangana, Tamil Nadu, Kerala, Andhra Pradesh, West Bengal and Odisha.
VinFast's entry is expected to intensify competition in India's electric scooter market, currently led by domestic manufacturers like TVS Motor, Bajaj Auto, Ather Energy and Hero MotoCorp. The company is also planning to expand its electric car and bus offerings, as well as build charging infrastructure and enhance after-sales services for customers.
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