VinFast Auto India has achieved a significant milestone by surpassing established rivals Hyundai Motor India and Kia India in monthly electric passenger vehicle sales for the first time. The achievement underlines the rapid rise of the Vietnamese electric vehicle (EV) manufacturer in one of the world’s fastest-growing automobile markets.
In January 2026, VinFast recorded sales of 432 electric passenger vehicles in India, moving ahead of Hyundai, which sold 326 units, and Kia, which posted 306 units during the same period. With this performance, VinFast secured the fourth position in the country’s electric passenger vehicle segment for the month, highlighting its growing acceptance among Indian buyers.
Industry experts believe VinFast’s strong showing reflects its aggressive market strategy, competitive pricing, and expanding dealership network across major cities. The company has also focused on localising operations and strengthening after-sales support, helping build consumer confidence in a relatively short time.
The Vietnamese automaker entered the Indian market with a clear focus on electric mobility, introducing models designed to suit local driving conditions and customer preferences. Its emphasis on battery efficiency, modern design, and advanced safety features has resonated well with urban and semi-urban customers alike.
Meanwhile, Hyundai and Kia, both early movers in India’s EV space, continue to rely on a limited product portfolio. While their offerings remain popular, increasing competition from newer entrants like VinFast is reshaping the market dynamics and pushing traditional players to accelerate their electrification plans.
Despite ranking fourth overall in January, VinFast’s upward trajectory signals strong long-term potential. With more models planned and manufacturing capacity expected to scale up in the coming months, the company is well-positioned to challenge the segment leaders.
As India’s electric passenger vehicle market continues to expand, driven by supportive government policies and rising fuel costs, competition is intensifying. VinFast’s latest performance marks a turning point, demonstrating that new global players can quickly establish themselves and disrupt the existing hierarchy.
