VinFast to Expand in India: Ride-Hailing, Two-Wheelers, Buses by H2 2026

• Vietnamese EV maker VinFast plans a major expansion in India, entering ride-hailing, electric two-wheelers, buses, and EV charging infrastructure by the second half of 2026.
• The company is investing an additional $500 million for its two-wheeler and bus projects, complementing the $500 million already invested in its car project.
• VinFast group company Green and Smart Mobility (GSM) will launch an EV ride-hailing service, operating exclusively with VinFast cars and scooters, competing with Ola and Uber.
• VinFast will introduce three new EV models this year, including a seven-seater MPV for fleet use and a compact SUV to rival the Tata Nexon EV.
• The company aims to increase localization from 10% to reduce supply chain uncertainties and expand its dealership network from 35 to 70 by 2026.

Why It Matters: VinFast is aggressively expanding its EV ecosystem in India, targeting diverse mobility segments and increased localization.