business ๐ VinFast pauses localization plans for three EVs in India
VinFast has reportedly paused deeper localization plans for its VF3, VF6, and VF7 electric vehicles in India. The Vietnamese automaker was working with suppliers to source local components to achieve better pricing. A July memo reportedly instructed suppliers to halt development activities for these three programs due to cost concerns. Current assembly operations for the VF6 and VF7 in Tamil Nadu continue as planned. VinFast maintains India is key and plans to develop specific models based on market feedback. ๐