Latest news with #Vinfast
New Indian Express
4 days ago
- Automotive
- New Indian Express
Vinfast to establish 32 dealerships across 27 cities in India
NEW DELHI: Vietnamese electric carmaker Vinfast has signed partnership agreements with 13 dealer groups to establish 32 dealerships across 27 cities in India. VinFast, which is all set to launch its first electric vehicle in India, aims to establish 35 dealerships here by the end of CY 2025. The carmaker will commence pre-booking of its two models - VF 6 and VF 7 - from July 15. The initial set of dealerships will be established in key urban and emerging EV markets, including Delhi, Gurugram, Noida, Chennai, Bengaluru, Hyderabad, Pune, Jaipur, Ahmedabad, Kolkata, Cochin, Bhubaneshwar, Trivandrum, Chandigarh, Lucknow, Coimbatore, Surat, Calicut, Visakhapatnam, Vijayawada, Shimla, Agra, Jhansi, Gwalior, Vapi, Baroda and Goa. Pham SanhChau, CEO, VinFast Asia, said, 'This partnership reinforces our focus on delivering an elevated EV experience backed by reliability, customer trust, and service excellence. As we prepare to bring our electric SUVs to Indian roads, we are focused on ensuring that customers across key cities have seamless access to VinFast's world-class products and support infrastructure.'
CTV News
03-07-2025
- Automotive
- CTV News
Trump says he will put 20% tariff on Vietnam's exports
Workers attach a rear door to the body frame of a Vinfast Lux A2.0 sedan as it moves along a conveyor in the body shop area of the automaker's factory in Haiphong, Vietnam. WASHINGTON/HANOI — The United States will place a lower-than-promised 20 per cent tariff on many Vietnamese exports, U.S. President Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports. Vietnamese goods would face a 20 per cent tariff and trans-shipments from third countries through Vietnam will face a 40 per cent levy, he said. Vietnam could import U.S. products with a zero percent tariff, he added. 'It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam,' Trump said on Truth Social after speaking with Vietnam's top leader, To Lam. Trump's announcement comes just days before a July 9 deadline before he ramps up tariffs on most imports, one of the Republican's signature economic policies. Under that plan, announced in April, U.S. importers of Vietnamese goods would have had to pay a 46 per cent tariff. Details were scant. It was not clear which products Trump's 20 per cent tariff would apply to, or whether some would qualify for lower or higher total duties. Also left to later discussion was how the new trans-shipment provision, aimed at products largely made in China and then labeled 'Made in Vietnam,' would be implemented and enforced. The Vietnamese government did not confirm the specific tariff levels in a statement celebrating what it described as an agreement on a joint statement about a trade framework. Vietnam would commit to 'providing preferential market access for U.S. goods, including large-engine cars,' the government in Hanoi said. A deal between the two countries would be a political boost for Trump, whose team has struggled to quickly close deals with Washington's biggest trading partners ahead of the deadline. While the administration has teased a forthcoming deal with India, truces reached earlier with Britain and China were limited in scope. Talks with Japan, the United States' sixth-largest trading partner and closest ally in Asia, appeared to hit roadblocks. The U.S. is Vietnam's largest export market and the two countries' growing economic, diplomatic and military ties are a hedge against Washington's biggest strategic rival, China. Vietnam has worked to retain close relations with both superpowers. Shares of major U.S. apparel and sportswear makers including Nike, Under Armour and North Face maker VF Corp closed higher on Wednesday on the news. Lam also asked Trump for the U.S. to recognize Vietnam as a market economy and remove restrictions on the exports of high-tech products to the country, Vietnam said. Those changes have long been sought by Hanoi. The White House and the Vietnamese trade ministry did not respond to requests for additional comment. GROWING TRADE TIES Since Trump imposed tariffs on hundreds of billions of dollars in Chinese goods in his 2017-2021 term, U.S. trade with Vietnam has exploded, though almost all of it in the form of goods to the United States from Vietnam as importers sought workarounds for the China levies. Since 2018, Vietnam's exports are up nearly threefold from less than US$50 billion that year to about $137 billion in 2024, Census Bureau data shows. U.S. exports to Vietnam are up only about 30% in that time - to just over $13 billion last year from less than $10 billion in 2018. ''Transshipping' is a vague and often politicized term in trade enforcement,' said Dan Martin, business adviser at Dezan Shira & Associates, on LinkedIn. 'How it's defined and how it's applied in practice will shape the future of US-Vietnam trade relations.' Trump announced a wave of tariffs for countries around the world on April 2, before pausing the implementation of most duties until July 9. More than a dozen countries are actively negotiating with the Trump administration to avoid a steep spike in tariffs on their exports. Britain accepted a 10 per cent U.S. tariff on many goods, including autos, in exchange for special access for aircraft engines and British beef. Like the agreement struck with Britain in May, the one with Vietnam resembles a framework rather than a finalized trade pact. China and the United States also came to a truce in a tit-for-tat tariff battle in which Beijing restored American access to some rare-earth minerals, but the two sides left most of their disagreements to later negotiations. 'Had Trump stuck with 46 per cent, much higher than the current tariff on China, Vietnam feared it would be disadvantaged by its competitors especially in Southeast Asia,' said Murray Hiebert, a senior associate with the Southeast Asia program at CSIS, a think tank. 'This likely would have dented Vietnam's trust in the U.S. and it might have toned down some of its security cooperation with Washington.' (Reporting by Trevor Hunnicutt, David Lawder and David Brunnstrom in Washington; Khanh Vu, Phuong Nguyen and Francesco Guarascio in Hanoi; and Ryan Patrick Jones and Bhargav Acharya in Toronto; Editing by Mark Porter and Matthew Lewis)
India Today
10-06-2025
- Automotive
- India Today
Vinfast VF6 and VF7 review, first drive
We were in Vietnam to experience the two cars engineered for the Indian market at the company's sprawling mother plant in Haiphong, another coastal industrial town on the coast in north Vietnam, near the large financial hub of the country, VF6: DesignThe VF6 is the smaller of the two SUVs that Vinfast will be launching in India and is similar in size to an SUV that all of us know very well, the Hyundai Creta. The VF6 is just shorter than the Creta but has a larger wheelbase, is broader but lower. Overall the looks are of a crossover rather than an outright SUV, but then again some may prefer the more rounded appearance of the VF6. It is a nice looking crossover, riding on large 18inch wheels. There is the signature V upfront formed by a light strip that is distinct both during the day and prominent at night and the same pattern is repeated at the rear as well though the V at the rear is not as raked. There could have been more flair to the DRLs as well as the headlamps, but at least the VFs will carry the distinctive insignia of the brand as well as the individual DRL patterns, that in the case of the VF6 are a couple of horizontal lines under the headlamp. In a day and age where electric vehicle designs are breaking the mould and are disruptive, the VF6 conforms. There are no sharp edges to the vehicle, just a fluid VF7: DesignThe VF7 on the other hand is more angular, has sharper edges and a bit more flair with a pronounced sporty roof and minimalistic glasshouse on a very chunky body. The front V signature is more upright like in the rear and both the tail lamp and the front DRLs have a lot more panache. In length the VF7 is shorter than even the MG Hector and the Mahindra XUV700 but is exactly the same width as the XUV700 but not as tall. While both the VF6 and 7 are based on the same skateboard platform and designed in collaboration with the same Italian design house, they are distinctly different VF6: Powertrain As far as the powertrains go, the VF6 will be available only as a 2WD version with a 59.6kWh battery that will be driving a 150kW motor mounted on the front axle. With the motor producing a peak torque of 310Nm, the VF6 will be no slouch and have a sub 9-second 0-100kmph time. The VF7 will be available as both a FWD and an AWD version with the 2WD version having the same motor as the VF6, with an additional motor doing service at the rear on the AWD version. The power and torque figures on the AWD version would increase to 260kW and 500Nm respectively. The 0-100kmph acceleration times on the more powerful variant would come down to 5.8 seconds from 9.5 seconds for the 2WD VF7: PowertrainadvertisementThe battery would also be larger, moving to 70.8kWh for both versions of the VF7. Though MIDC range is yet to be disclosed, one can see that in other markets the VF6 has a claimed range of just under 400km (399km WLTP) while the VF7 has a claimed range of just under 450km (431km-450km WLTP).Vinfast VF7: InteriorThe larger wheelbase as well as the fact that they are both built on a dedicated electric platform means that there is a lot of space in the vehicle – both in terms of leg room and shoulder room. And both the vehicles are loaded with tech – to the gills. Conspicuous by its absence is an instrument panel with a state-of-the-art projection heads-up display taking its place in both vehicles. A large 12.9 inch infotainment display that also performs some of the functions of the IP takes centre-stage on the dashboards of both the 6 & the 7. That apart both the vehicles have large boots albeit with a puncture repair kit in place of a spare wheel. In India though there may be a space saver or even a full-sized spare. All the bells and whistles that one associates with premium cars are all there on both as are all the ADAS features. There are even 7 airbags on the cars and the Vinfast engineering team assures us that the cars will get a 5 star rating at BNCAP. Both the cars also have rather large panoramic sunroofs but that's where the similarities VF 6: InteriorsadvertisementThe VF6 feels spartan and cheap. From the plastics to the convenience features, there is a touch of austerity that is not warranted with a car that has so much tech. Missing are go to features like a wireless charger. The VF7 on the other hand has an upmarket premium feel with all the features one can think of and then some VF6 and VF7: VerdictWhile the Vf6 could do with a sprucing up of the interiors and the addition of some India-specific user facing features, there is hardly very little to call up the VF7 on. Both the SUVs are well rounded products but are not disruptive in neither the design nor the styling or in the product content. And whether or not Vinfast is able to make a success of them in India will finally depend on how quickly the company is able to build up its brand and what the vehicles are priced at. The brand may have a few other disruptions up its sleeve like the warranty, free charging and the network. Vinfast should at the end of the day have more than a few compelling answers to my question of Why should I or anyone buy a VF? Just having really good products is not good enough in this very competitive Indian to Auto Today Magazine
News18
09-06-2025
- Automotive
- News18
Vinfast VF 6 Test Mule Spotted During Testing, Scroll Down To See Clear Photos
Last Updated: According to the details, the EV has been spotted in Mumbai, hinting the launch is just around the corner. The Vietnam-based car maker Vinfast is gearing up to boost the business operations in India. To capture the mass market, the company is set to introduce two of its tech-loaded product in the country. Ahead of the official release, the upcoming all-electric SUV named VF 6 has been spied during the testing phase, and has revealed some of the important details and key highlights. According to the details, the EV has been spotted in Mumbai, hinting the launch is just around the corner. If rumours are to be believed, the electric SUV might hit the market somewhere in the festive season. Here's What To Expect Going by the spy shots, VF 6 looks quite similar to its sibling VF 7. It features identical stance, featuring a massive bonnet at the front, signature style connected DRLs at the front, same treatment of light bar at the back as well. It also gets a fully LED headlight setup, round-shaped wheel arches with decent-sized cladding on the sides. Overall Dimension Despite fully covered in heavy camoluge, the model somehow flaunts an aggressive style statement, and looks quite bigger compared to some of its competition in the Indian market. The reports suggested that VF 6 will be measured 4,241mm in length, 1,834mm in width, and 1,580mm in height, while the wheelbase will be 2,730mm with the ground clearance of 190mm. Inside the cabin, the company continue to offer a luxury treatment from every corner. It sports yet uncluttered appeal, which will make it look clean and classy. The dual-tone colour scheme with low-set dashboard and flat-bottomed 3-spoke multi-functional steering wheel will be there to level up the cabin game. The EV will come with a 12.9-inch infotainment touchscreen, which will be positioned atop the dashboard. The unit will support all the wireless car connect technology, including Android Auto and Apple CarPlay. The other notable features include dual-zone climate control, panoramic sunroof, 8-way powered driver's seat, rear AC vents, ventilated front seats, connected car tech, among others. Battery and Range As far as the battery is concerned, it will a 59.6kWh pack that will generate a maximum output of 204hp and 310Nm. The customers can expect a decent WLTP-certified range up to 480km.
Time of India
02-06-2025
- Automotive
- Time of India
VinFast's $2 bn Tamil Nadu EV plant misses out on lucrative incentive scheme, must invest Rs 4,150 cr more to qualify
The USD 2 billion (Rs 16,000 crore) investment by Vietnam-based electric vehicle manufacturer VinFast in Tamil Nadu will not qualify for availing benefits under the Scheme to Promote Manufacturing of Electric Passenger Cars in India, officials said on Monday. Officials explained that under the scheme, eligible investment must be capitalized in the books of account of the applicant "after the date of approval", therefore, equipment and machinery "must be put to use after becoming an approved applicant". The window for applying under the scheme will be opened in a couple of weeks for 120 days or more. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover How To Craft High-Quality Writing Faster (Learn How) Grammarly Undo VinFast, the electric vehicle (EV) unit of Vingroup , is setting up a USD 2-billion plant in Tamil Nadu's Thoothukudi, and is also in discussions with Andhra Pradesh and Telangana governments to expand its operations in India. Also read: Asian underdog & global biggies hit accelerator when Musk dodges desi market challenge Live Events The company is eyeing a launch in India with its VF7 and VF6 models before the festival season this year and aims to push up annual production in the country to 1,50,000 EVs in the coming years to be able to export them to countries in the Middle East and Africa. "They (Vinfast) have already capitalised the investment so they will not qualify based on that investment for benefits under the scheme. They (Vinfast) will have to make a fresh investment of Rs 4,150 crore to qualify under the scheme. They are urging us to consider the investment already made, which we cannot accept," an official told PTI. The guidelines under the scheme to Promote Manufacturing of Electric Passenger Cars in India were announced on Monday, whereby approved applicants will be allowed to import Completely Built-in Units (CBUs) of e-4W with a minimum CIF value of USD 35,000 at reduced customs duty of 15 per cent for a period of 5 years from the Application Approval Date . Also read: Tesla not interested in manufacturing in India, minister says The approved applicants would be required to make a minimum investment of Rs 4,150 crore in line with the provisions of the scheme. The Scheme to Promote Manufacturing of Electric Passenger Cars in India was notified on March 15, 2024.
