Automotive | Electric Mobility | Government Policies
VinFast India's CEO, Pham Sanh Chau, lauds India's new EV policy that reduces import duty on electric cars from 70-100% to 15% for five years, given a $500 million investment in local manufacturing. Chau highlights that this policy enables VinFast to introduce premium-quality electric SUVs at competitive prices and supports their $2 billion investment plan in Tamil Nadu. The policy is expected to boost EV manufacturing, create jobs, and attract global car makers like Tesla to India.
NotesThe Indian government's recent EV policy offers reduced import duties for electric vehicles under certain conditions and VinFast is leveraging this. The company plans to set up a manufacturing facility in Tamil Nadu.
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