Vietnamese electric vehicle manufacturer VinFast Auto is entering India's growing EV market with two premium SUVs, following strong third-quarter 2024 delivery growth and significant financial backing from its founder.

VinFast unveiled its VF6 and VF7 SUVs at the India Auto Show in New Delhi, as it hopes to draw buyers to its EVs and contribute to India's goals of eliminating carbon emissions on a net basis, said Pham Sanh Chau,

The company, which is investing $500 million to set up its manufacturing plant at Tuticorin in Tamil Nadu, expects completion of the facility in the second half of 2025 after which it will launch the

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone.

VinFast, the Vietnam-based EV brand, is showcasing nearly its entire global lineup at the ongoing Auto Expo, with the VF 6 and VF 7 SUVs set to be assembled in India. The firm plans to begin producing its first electric vehicle by the second half of this year,