Vietnam’s VinGroup Plans "Full Force" Multi-Sector Presence in "Top Priority" Market India; May Consider 3-Wheelers Too

Given India’s economic scenario, and its position among the large economies in the world, the country finds itself as a preferred investment destination. Along with its strengths of a huge domestic market, and a huge youth population, it is also seen as a relatively safer investment destination by multiple organisations in an era of geopolitical challenges. The latest one to up its bet on India is Vietnam’s largest private conglomerate, VinGroup.

"No matter how the world is changing, India remains the top priority for us, if not the most important, for VinGroup, and for VinFast," Pham Sanh Chau, CEO, VinFast Asia tells ACKO Drive. VinGroup entered India with its Electric Vehicle OEM VinFast, which launched its first set of models, VF6 and VF7, three months ago. Now the Group plans to be in India in "full force" with all its businesses.

The Vietnamese major, which clocked revenue of around $7.66 billion last year, looks to establish a "whole ecosystem" of its businesses, ranging from real estate, education, healthcare energy, EV charging, taxis, and arts & culture (film, event management). VinHomes, VinGroup’s largest business vertical, may start off its India presence at Bharat Future City, on the outskirts of Hyderabad. The official announcement is expected to be made at the Telangana Rising Global Summit on 8-9 December. 

Plan for major mobility play in India

The Group’s automobile venture VinFast has lined up ambitious plans to play in multiple vehicle segments. As reported by ACKO Drive on December 1, the Vietnamese OEM plans to enter the Indian electric scooter space with its first product in Q3 of 2026. It plans to enter the Indian electric bus market during the same quarter, more specifically in August 2026. ACKO Drive learns that the OEM plans to have two of its four (6m, 8m, 10m, 12m) sizes of buses in India initially. On the two-wheeler side, it may have started the homologation process.

Given that the two- and three-wheeler segments in India are lead drivers for the electric mobility megatrend in the country, VinFast may also look at entering the three-wheeler space “eventually”, under its vision to “revolutionise mobility worldwide”. “We are open to three wheelers as well,” says Chau. 

India, along with South East Asia’s largest economy Vietnam are the major focus markets of VinFast currently. The EV maker’s global ambitions started with an entry into the USA market with its VF8, but the story there hasn’t yet unfolded as expected. In such a scenario, India’s importance and value in VinFast’s overall scheme of things may have only gone up. 

The Group-level plans may also reflect what Vietnam may want to be seen as to the outside world. We want the world to know Vietnam not only because of its victory in the war, but now in the economic battle too,” says Chau.