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The Economic Times
The Economic Times
Business

VinFast puts the brakes on manufacturing some cars in India

VinFast India

New Delhi: VinFast has suspended plans to manufacture three ​electric vehicles in India and ordered suppliers to halt work on the projects while it reassesses costs, according to two sources and a company memo reviewed by Reuters - a year after the Vietnamese automaker entered a crucial growth market.

The manufacturer has asked suppliers to "hold all activities" on three programmes, including a two-door SUV called VF3 - ‌expected to be ⁠its most ⁠competitive model in the market - and the VF6 and VF7 SUVs, which it imports as kits from Vietnam and assembles in the country.

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