VinFast Puts the Brakes on Manufacturing some Cars in India
The automaker asked suppliers to halt work as it reviews spending after missing planned parts-development costs in India, sources and a company memo said.
- On September 1, VinFast suspended plans to manufacture three electric vehicles in India and ordered suppliers to "hold all activities" on the projects while reassessing costs, according to a company memo reviewed by Reuters.
- The Vietnamese automaker entered the market last year, aiming to build a regional manufacturing base serving South Asia, the Middle East and Africa, with factory capacity scalable to 150,000 units.
- VinFast's memo requested that suppliers provide a detailed breakdown of the "total amount invested to date" on the three programmes, which include the VF3, VF6, and VF7 SUVs.
- A company representative stated VinFast is making "appropriate adjustments" to products to "better meet the needs of Indian customers," noting the automaker has sold about 10,000 cars in India.
- These challenges echo difficulties faced by other manufacturers like Volkswagen and Nissan, as VinFast shifts focus toward developing India-specific models rather than relying solely on existing global offerings.
11 Articles
11 Articles
EXCLUSIVE: VinFast puts the brakes on manufacturing some cars in India, sources and memo say
VinFast has suspended plans to manufacture three electric vehicles in India and ordered suppliers to halt work on the projects while it reassesses costs, according to two sources and a company memo reviewed by Reuters - a year after the Vietnamese automaker entered a crucial growth market.
VinFast Suspends Plans To Manufacture VF3, VF6 and VF7 EVs in India Amid Cost Review: Report | 🚘 LatestLY
Vietnamese EV maker VinFast has suspended local manufacturing plans for three models - the VF3, VF6, and VF7 - and ordered suppliers to halt development work while reassessing costs. The setback comes as the company navigates cost targets in India's competitive auto market. Scroll below to know more. 🚘 VinFast Suspends Plans To Manufacture VF3, VF6 and VF7 EVs in India Amid Cost Review: Report.
The Economic Times
VinFast puts the brakes on manufacturing some cars in India
VinFast has temporarily halted development and local manufacturing plans for three electric vehicles in India, asking suppliers to stop work while it reassesses costs. The move affects the VF3, VF6 and VF7 programmes and comes amid the automakers struggle to gain scale in India, despite its $2-billion expansion plans.
VinFast Pauses India EV Manufacturing Plans For VF3, VF6 And VF7 Models Amid Cost Review
Vietnamese electric vehicle maker VinFast has paused plans to manufacture three EV models in India as it reassesses project costs. Suppliers have been asked to halt work on the VF3, VF6 and VF7 programmes. The move comes as VinFast faces challenges expanding in India after investing in a local manufacturing facility
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
