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Time of India
41 minutes ago
- Time of India
VinFast tweaks sales plan ahead of its India debut
Mumbai: VinFast has recalibrated its India sales plans ahead of the launch of its electric SUVs scheduled for the upcoming festive season. The Vietnamese company has pared its sales volume target for the first year of launch by a third to 3,000 units, even as it continues to evaluate the method of CKD (completely knocked down) assembly for the V7 and V6 models. The company is also set to delay the launch of these models by a month due to an underdeveloped sales network, according to people aware of the company's plans. Production at VinFast's facility at Thoothukudi in Tamil Nadu-originally scheduled to begin on June 30-has been pushed back to July 30. Consequently, bookings for the VF7 and VF6 models will open in mid-July, with customer deliveries expected by mid-August. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo An email sent to the company on Tuesday seeking comment remained unanswered till the time of going to press on Sunday. "VinFast's full-fledged plans will unfold only next year when they introduce the VF 3, the company's affordable SUV. This year will mostly be about making an entry and testing the market," said one of the people cited above. Live Events The delay is being attributed to a fledgling distribution strategy and lack of network readiness. After the Bharat Mobility Show in January, VinFast appointed dealers for 40 locations. However, a majority of them have since withdrawn their letters of intent (LoIs), citing the company's inconsistent approach to distribution planning, pricing, and product positioning, the people said. As of now, only eight to ten dealers remain, they said. "There was a lot of back and forth. They do not seem to have clarity on how many sales touchpoints to have, what price point to launch the models at, and how many units to sell. We couldn't commit investment with this lack of clarity," said a dealer principal who withdrew the LoI a couple of months ago. "Since the auto show, VinFast hasn't done much on brand activation. Most are unaware of the brand in India," said another dealer who also opted out. Ashish Jain, the executive in charge of network development, seems to have resigned, said some of the people cited earlier. Jain did not respond to ET's message seeking comment and phone calls. VinFast has built a 400-acre integrated EV manufacturing facility with an annual capacity of 50,000 units in Tamil Nadu. At the Bharat Mobility Global Expo 2025, the company showcased a range of models it plans to launch in India, including the VF 3, VF 7, VF 9, and VF e34 SUVs. Electric car adoption in India continues to grow steadily. In May 2025, electric passenger vehicles accounted for 4.1% of the industry car sales, up from 3.5% in April and 2.6% in the same month last year, according to data from the Federation of Automobile Dealers Associations.
Economic Times
2 hours ago
- Economic Times
Horoscope Today, June 16, 2025: Gemini Power Meets Aquarian Vision — A Day for Bold Ideas, Smart Deals & Strategic Growth!
ET Online Horoscope Today, Daily Astrology Predictions for All Zodiac Signs: Aries, Gemini, Leo, Aquarius, and Virgo see strong career progress The Moon transits Aquarius today. This transit can stimulate innovation, collaboration and social intelligence. The Sun is now in Gemini, and Mercury is also strong. You can expect a cerebral, fast-paced energy guiding your actions. You can focus on financial planning, communication and professional negotiations. You can also have tech-forward thinking. Your career may show ascension. Mars in the Leo sign gives you natural command and charisma. The influence on the Gemini sign fuels quick thinking and adaptability. It is a good day to plan and present a proposal or negotiate a raise. Entrepreneurs may get new collaboration opportunities. Ketu in the Fifth House may cloud long-term judgment. You need to focus on budgeting. There can be financial clarity before making new Colour: CrimsonLucky Number: 9 Tip of the Day: Assert with facts, not force. Also Read:Weekly Horoscope - Aries, 9th - 15th June 2025 Monthly Horoscope - Aries, June 2025 Financial planning takes precedence. The Jupiter, Sun and Mercury in Gemini urge you to look into secondary sources of income. There can be gains from intellectual or digital pursuits. You may receive advice on long-term savings or insurance. You should take them seriously. At work, a methodical approach will serve the best. You should avoid shortcuts. Venus in Aries may add charm in meetings. You shouldn't allow emotional decisions to interfere with money Colour: Moss GreenLucky Number: 4Tip of the Day: Review all financial contracts Read: Weekly Horoscope - Taurus, 9th - 15th June 2025 Monthly Horoscope - Taurus, June 2025Mercury, Jupiter, and the Sun will be in your sign. You are practically on fire today. You can expect mental clarity and great networking opportunities. Your efforts may get recognised. You should pitch ideas and negotiate partnerships. You need to restructure existing agreements. Financial benefits could stem from content and communication. There can also be gains from consulting and trade-related work. Stay grounded and delegate where needed. Lucky Colour: Sky BlueLucky Number: 5Tip of the Day: Strike while the iron is Read: Weekly Horoscope - Gemini, 9th - 15th June 2025 Monthly Horoscope - Gemini, June 2025Your focus turns to behind-the-scenes work. You can gain from a long-term financial strategy. This is a powerful day for planning. You can focus on budgeting or retirement goals. Sun, Jupiter and Mercury will be transiting from the Twelfth House. You need to be careful with financial matters. Your expenses can be out of control. Career-wise, it's not a day to seek the limelight. Your back-end contributions will not go unnoticed by Colour: Pearl WhiteLucky Number: 2Tip of the Day: Strength lies in quiet Read: Weekly Horoscope - Cancer, 9th - 15th June 2025 Monthly Horoscope - Cancer, June 2025Mars in your sign keeps your drive high. You may take bold decisions in your business. You can also do well in their leadership role. You should avoid clashing with authority or teammates. Ketu in your sign may skew your view. You should take a second opinion before finalising deals. Opportunities may arise in the media, technology and entertainment sectors. Networking will bring benefits. You should avoid being overly Colour: GoldLucky Number: 1Tip of the Day: Lead with collaboration, not Read: Weekly Horoscope - Leo, 9th - 15th June 2025 Monthly Horoscope - Leo, June 2025 Career prospects look good today. You can do well in analytics, finance and law. Your analytical mind is sharper than ever. Mercury in Gemini rewards those who handle communication properly. New leadership opportunities may arise. The time is crucial to review financial investments. Returns from older commitments may progress. Saturn helps you build something impactful. You should stay Colour: Charcoal GreyLucky Number: 8Tip of the Day: Let structure empower your Read: Weekly Horoscope - Virgo, 9th - 15th June 2025 Monthly Horoscope - Virgo, June 2025The transits support international connections and legal agreements. There can be gains from long-distance business dealings. Mercury and Jupiter will transit from your Ninth house of expansion. The day is good for planning an educational upgrade or market expansion. This is a good day to move forward. Investments related to education, travel and consultancy could show promise. You need to maintain balance in Colour: Light BlueLucky Number: 6Tip of the Day: Expand thoughtfully. Don't Read: Weekly Horoscope - Libra, 9th - 15th June 2025 Monthly Horoscope - Libra, June 2025It is an excellent day to address loans, taxes and shared finances as Mercury, Sun and Jupiter will all be transiting from the Eighth House. Your instincts will guide you in restructuring debts and negotiating terms. At work, clarity around power dynamics may emerge. You shouldn't engage in ego battles. Mars, your Lagna Lord, is active. You are driven. Saturn's influence asks for patience. You can gain from real estate or a long-term Colour: MaroonLucky Number: 7Tip of the Day: Control brings power; impulsiveness brings Read: Weekly Horoscope - Scorpio, 9th - 15th June 2025 Monthly Horoscope - Scorpio, June 2025Your professional relationships are the key to your progress today. Your communication needs to be clear and diplomatic. Whether it is with clients, partners, or managers. Jupiter in the Gemini sign supports contracts and deals. You ned to make sure that everything is in writing. Your finances are stable. You should avoid speculations. Agreements may require your attention. You need to scrutinise all Colour: OrangeLucky Number: 3Tip of the Day: Clarity now saves conflict Read: Weekly Horoscope - Sagittarius, 9th - 15th June 2025 Monthly Horoscope - Sagittarius, June 2025Today emphasises efficiency and management. You might feel burdened with responsibilities. It is also a good time to optimise your work habits. Saturn supports discipline. You should use it to streamline systems and cut unnecessary expenses. Job seekers may find promising leads from your past connections. Financially, this is a day for consolidation. You should avoid taking Colour: Forest GreenLucky Number: 10Tip of the Day: Solidify the base before Read: Weekly Horoscope - Capricorn, 9th - 15th June 2025 Monthly Horoscope - Capricorn, June 2025The Moon and Rahu in your sign can supercharge your ambition. This is an excellent day to showcase your originality. You can do well in technology, media, or futuristic ventures. Promotions or project approvals may come through. You shouldn't fear the spotlight. You should make the best use of it. Short-term investments in innovation or collaborative projects can give financial gains. You need to maintain honesty in Colour: Electric BlueLucky Number: 11Tip of the Day: Dare to do things Read: Weekly Horoscope - Aquarius, 9th - 15th June 2025 Monthly Horoscope - Aquarius, June 2025Saturn in your sign makes you focused today. This transit is good for handling budgets and streamlining expenses. It can also help in setting up long-term business structures. You should avoid taking on too many tasks. One well-done job is better than many half-finished ones. You are good at behind-the-scenes planning. Financial matters may need discretion. You need to show positive long-term Colour: IndigoLucky Number: 12Tip of the Day: Long-term vision beats short-term Read: Weekly Horoscope - Pisces, 9th - 15th June 2025 Monthly Horoscope - Pisces, June 2025 Written by: Anand Sagar Pathak of For feedback, write to hello@ Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
Economic Times
6 hours ago
- Economic Times
Amitabh Bachchan's heroine says he was no struggler, claims he had a 'nice life' before debut. 'They had a bungalow'
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