logo
VinFast inagurates first dealership in India. Check details

VinFast inagurates first dealership in India. Check details

VinFast Auto India, the Indian arm of Vietnamese electric vehicle maker VinFast, has said it will open its first showroom in the country. The showroom is open in Surat, Gujarat, and is opened ahead of the launch of the company's first EV plant in the country. The showroom is the first of the 35 dealerships that VinFast plans to establish in 27 cities in India by the end of 2025.
Get Launch Updates on VinFast VF9 Notify me VinFast plans to set up 35 showrooms across 27 cities in India by end of 2025.
The showroom spans 3,000 square feet and promises immersive product experiences, hassle-free vehicle buying experiences, and after-sales service. VinFast's lineup of premium electric SUVs, such as VF6 and VF7, will be displayed in the showroom. Interestingly, the automaker has formally started pre-bookings of the premium electric SUVs in India on July 15. The carmaker is now taking bookings for the VF6 and VF7 electric SUVs, with a refundable booking amount of ₹21,000.
VinFast is in the process of establishing its first electric vehicle factory in Tamil Nadu. The future plant at Thoothukudi, Tamil Nadu, will manufacture electric vehicles locally in India. As part of its entry into the Indian market, VinFast has entered into strategic collaborations with firms such as RoadGrid, myTVS, and Global Assure to ensure a network of EV charging and after-sales across India.
Commenting on the inauguration of the brand's first showroom, Pham Sanh Chau, CEO of VinFast Asia, said the launch in Surat, Gujarat, marks a significant step in the company's entry into the Indian market.He mentioned that the showroom is a representation of VinFast's dedication to bringing its experience closer to Indian consumers, with the goal to offer not only electric vehicles but a total ownership experience, based on quality, reliability, and strong after-sale support. He added that partnering with Chandan Car, an established name in the automotive sector, allows VinFast to combine local market expertise with its global EV technology to help build a premium electric mobility ecosystem in India..
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump hints at 20–25% tariffs on Indian imports, says final decision still pending
Trump hints at 20–25% tariffs on Indian imports, says final decision still pending

Mint

time25 minutes ago

  • Mint

Trump hints at 20–25% tariffs on Indian imports, says final decision still pending

US President Donald Trump said on Tuesday (July 29) that India could face tariff rates as high as 25% on its exports to the United States, but emphasised that a final decision had not yet been made. The remarks come as the two countries work toward resolving longstanding trade disagreements. 'I think so,' Trump responded when asked by reporters aboard Air Force One if the US would impose a 20–25% tariff rate on Indian goods. 'India has been a good friend, but India has charged basically more tariffs than almost any other country. You just can't do that.' Trump added. The US President made the comments while returning from a five-day trip to Scotland, reiterating his stance that the US must be treated fairly in global trade relationships. The reciprocal tariffs were imposed on April 2, 2025 and were supposed to take effect from July 9, 2025. However, the deadline for the imposition of the import duties was later extended to August 1, 2025. The US has so far reached agreements with the UK, Indonesia, Philippines, European Union and Japan. Citing two Indian government sources, Reuters reported that New Delhi is preparing for the possibility of higher tariffs—likely between 20% and 25%—on select exports as a temporary measure. Instead of offering fresh concessions, India plans to resume comprehensive trade talks in mid-August during the visit of a US delegation. 'Talks are progressing well, and a delegation is expected in Delhi by mid-August,' Reuters quoted one India official as saying, with the news report adding that the US may still issue a tariff letter in a 'worst-case scenario.' US Trade Representative Jamieson Greer echoed the need for further talks during an interview with CNBC, saying, 'We continue to speak with our Indian counterparts, we've always had very constructive discussions with them.' However, he admitted more work is needed: 'We need some more negotiations on that with our Indian friends to see how ambitious they want to be.' 'The thing to understand with India is their trade policy for a very long time has been premised on strongly protecting their domestic market. That's just how they do business,' he noted. 'The president is in a mode of wanting deals that substantially open other markets,' Greer added. 'That they open everything or near everything.'

Microsoft Ditches Russia-Linked Nayara: EU Sanctions Slam Indian Oil Giant Into Crisis, Rediff Rushed In
Microsoft Ditches Russia-Linked Nayara: EU Sanctions Slam Indian Oil Giant Into Crisis, Rediff Rushed In

India.com

timean hour ago

  • India.com

Microsoft Ditches Russia-Linked Nayara: EU Sanctions Slam Indian Oil Giant Into Crisis, Rediff Rushed In

New Delhi: A storm is brewing in India's oil sector. The trigger? A fresh wave of European Union (E.U.) sanctions aimed at isolating Russia's oil economy. But this time, the fallout is not in Moscow; it is at a high-capacity refinery in Gujarat, where Nayara Energy, backed by Russian oil giant Rosneft, is suddenly cut off from its digital backbone. Microsoft has abruptly suspended its services to Nayara, leaving thousands of employees locked out of their familiar digital workspace. No Outlook. No Teams. No warning. By Tuesday last week, the shutdown was complete, according to sources quoted by Reuters. The sanctions had found their latest and most unexpected target. To keep communication going, Nayara scrambled for a backup. The company turned to an old Indian internet brand now offering enterprise email services. Based in Mumbai, Rediff has stepped in to provide an internal messaging system. But there is a catch. It cannot touch any of the data previously stored on Microsoft's cloud. As a result, years of archives gone dark for now. Caught off guard, Nayara on Monday dragged Microsoft to the Delhi High Court, challenging what it calls a 'unilateral' and 'legally unjustified' decision. The refinery is pushing back, not only in court, but in public. 'This action has been taken unilaterally, without prior notice, consultation or recourse and under the guise of compliance. Such moves signal a worrying trend of global corporations extending foreign legal frameworks into jurisdictions where they have no applicability,' Nayara said in a statement. Microsoft is headquartered in the United States. The E.U. sanctions, Nayara pointed out, apply only in Europe, not in America or India. Still, the tech giant chose to pull out. And this is where things get messier. Capable of processing 20 million tonnes a year, Nayara's Vadinar refinery is one of India's top importers of Russian crude. It handles about 8% of India's refining output and fuels nearly 7% of the national retail network with over 6,750 filling stations. The company is also expanding into petrochemicals, aiming for 8% of India's polypropylene capacity. Until now, Nayara had been seen as a key player helping India balance its energy needs with discounted Russian oil, especially after the war in Ukraine began. But things are shifting. Bloomberg reports say oil firms and shippers are beginning to keep their distance. Exporting refined products or importing crude has started becoming more complicated. Nayara has become the first Indian oil company directly impacted by the EU's newest sanctions. The refinery insists it follows Indian law to the letter. 'We remain in continuous dialogue with Indian authorities to ensure complete transparency and accountability,' the company stated. New Delhi is not happy either. India has pushed back against what it calls unilateral restrictions. Responding to the latest sanctions, the Ministry of External Affairs did not mince words. 'India does not subscribe to any unilateral sanction measures. The Government of India considers the provision of energy security a paramount importance to meet the basic needs of its citizens. We would stress that there should be no double standards, especially when it comes to energy trade,' said MEA spokesperson Randhir Jaiswal. On July 19, the E.U. tightened the price cap on Russian oil from $60 to $46.7 per barrel, squeezing already thin margins. The ripple effects are now being felt in Indian boardrooms and courtrooms alike. What happens next could redefine how India's energy partnerships evolve and how far corporate compliance with foreign sanctions can go, even within sovereign borders.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store