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One Year In, VinFast Faces Its Real India Test
A year after entering India and crossing the 10,000-vehicle production milestone at its Thoothukudi plant, VinFast has proven it can build; the harder task now is proving whether it can scale.
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Data can tell two very different stories. Viewed one way, VinFast's first year in India was about the rise of a promising new challenger. In July, the Vietnamese automaker recorded its highest-ever monthly sales of 1,478 electric vehicles, climbing to 5th place in India's electric passenger vehicle (PV) rankings with 4% market share. This placed it ahead of established global names such as BYD, Hyundai, Kia, Toyota and Tesla in the country's still-nascent EV market. It has also crossed a production milestone of 10,000 vehicles at its Thoothukudi factory in less than a year of operations, an impressive manufacturing achievement ...
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