Vietnamese automaker VinFast is set to enter the Indian electric scooter market following its recent letters of intent with more than 50 dealer partners. The company has established its presence across 34 cities in 15 different states and Union Territories in India, with each of them signing separate contracts. VinFast seems serious about its venture as evidenced by its efforts at establishing a wide dealer network across the country.
While the company has made its entry official, it has not yet disclosed details about launch timelines, specific models, and their pricing details. However, given its emphasis on diversity, it is possible that some of its popular models such as the Viper and the Rasad will also be available in India. The company is expected to announce more details in the near future after it finalizes its plans for the Indian market.
VinFast decided to sign on more than 50 dealers at the initial stage to ensure adequate supply chain and dealer support. Its presence across 34 cities in 15 different states and Union Territories in India will ensure that the company’s products are easily accessible to customers in major metro cities as well as smaller towns and cities that have been witnessing a rapid rise in demand for two-wheelers. This extensive dealer network will enable the company to take on some of the toughest markets in the business and scale rapidly. India’s electric two Wheeler market is one of the fastest growing emerging markets globally, and VinFast can benefit massively by tapping into this large customer base.
While the company has launched its scooters in several countries around the globe, they have so far been secretive about their plans for India. The company has been working extensively with various dealer partners, and it will be interesting to see which of its popular models will make their way to India and what they will cost. With the help of its vast dealer network, VinFast is sure to gain rapid popularity as a leading supplier of electric scooters in the country.