VinFast plans to enter the electric scooter market after success with electric vehicles in India
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Aaj Tak
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VinFast plans to enter the electric scooter market after success with electric vehicles in India

Following successful sales of electric vehicles, VinFast is preparing to enter the electric two-wheeler transport market in India. Currently, VinFast ranks fourth among companies selling electric vehicles in the Indian market, having sold 2,964 electric cars in September.

In light of this, the company has decided to enter the two-wheeler segment and signed a corresponding letter of intent. As part of this agreement, VinFast has reached arrangements with more than 50 electric motorcycle dealer partners. The company plans to establish its distribution network across 15 states.

The signing of this agreement took place at the High Phong production complex located in Vietnam. Representatives of Indian dealers visited this complex. According to the terms of the deal, VinFast will jointly open over 50 electric two-wheeler showrooms in 34 Indian cities with its retail partners.

The primary target markets for these new showrooms include regions such as Delhi-NCR, Maharashtra, Gujarat, Karnataka, Telangana, Tamil Nadu, Uttar Pradesh, and West Bengal, as these areas show the highest demand. This agreement demonstrates VinFast's plans to penetrate the electric scooter market.

The company has decided to form a separate distribution network for two-wheelers, while it is already actively operating in the passenger electric vehicle sector. Cam Tu (Jasmine), VinFast's manager for international market operations, noted that India is one of the most significant markets in the company's global growth strategy. She emphasized that this agreement with Indian partners reflects the company's expectations and long-term commitment, expressing confidence in the scale and potential of the Indian market.

However, information regarding the specific electric scooter model to be introduced in the Indian market has not yet been disclosed. Regarding electric vehicles, the company currently sells three models in India: VF 6, VF 7, and MPV 7. Two of these models are electric SUVs, and one is an electric minivan, with each model targeting different consumer groups.

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September proved to be a very successful month for the electric passenger vehicle segment in India. Over 35 thousand electric vehicles were sold in the local market during this month. In September 2026, sales of fully electric passenger cars reached 35,048 units, representing a growth of 95.4% compared to last year.

In September of last year, total sales across all companies amounted to 17,932 units, with a monthly increase of 10.3%. In August, sales in this segment stood at 31,769 units. Only three leading brands sold 27,816 cars during this period.

Tata Motors is the leader in the electric vehicle market. The company sold 14,792 cars in September, which is 100.7% more than in September of last year when it sold 7,369 vehicles. The monthly growth was 7%. In August, Tata Motors sold 13,825 electric vehicles. Tata Motors' market share in this segment is 42.2%.

Mahindra is in second place, having sold 7,782 cars. Tata Motors' portfolio currently holds the largest number of electric vehicles. Mahindra's annual growth reached 95.9%; last September, the company sold 3,973 cars. Mahindra's monthly sales increased by 14% compared to August, when it sold 6,827 electric vehicles. The company's market share reached 22.2%. Recently, Mahindra's homegrown vehicles surpassed the 100,000 sales mark.

GSW-MG ranked third, selling 5,242 cars in September. In September 2025, the company sold 4,803 cars, corresponding to an annual growth of 9.1%. VinFast took fourth place, selling 2,964 cars this September, whereas last September the company sold only 6 cars.

Due to a significant change in the situation, Kia Motors secured fifth place, selling 1,263 electric vehicles in September 2026. The brand's sales grew by 111.2% compared to September 2025, when 598 cars were sold. Maruti Suzuki now ranks sixth, having sold 1,104 electric vehicles in September.

Additionally, BYD sold 836 electric vehicles in September, Hyundai sold 792 units, Toyota sold 218 units, and Citroen sold 55 electric vehicles. Data from these premium segment brands was not included in the count.

Electric scooter sales in India increased by 108%; demand for Hero Vida models is high
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Electric scooter sales in India increased by 108%; demand for Hero Vida models is high

There is a steady growth in the sales of electric two-wheelers in the Indian market, indicating the increasing popularity of electric motorcycles among the population. Electric scooters are particularly in demand.

According to August data, sales across all companies reached double-digit and triple-digit figures. In August 2026, the total number of electric two-wheelers sold was 187,214 units, compared to 76,118 units in August 2025. This demonstrates a 146 percent year-on-year growth in the segment.

Hero Vida has established itself as the fourth most popular brand. Last month, Vida sold 25,558 electric scooters, whereas in August 2025, the company sold 12,273 electric two-wheelers. Thus, Vida's sales grew by 108 percent year-on-year.

Vida's portfolio includes five models presented under the VX2 and V2 series. Among them is the latest VX2 Go model, which is available with three battery options: 2.2kWh, 3.1kWh, and 3.4kWh. The price of the Vida VX2 Go model with a 2.2kWh battery in Delhi is 79,999 rupees excluding tax.

This scooter has a claimed range of 93 kilometers. Assuming home charging at a rate of 8 rupees per unit, the cost of a full charge will be about 20 rupees. However, the actual mileage will be lower than stated, resulting in an average operating cost of 25 paise per kilometer, or 4 kilometers per rupee.

Regarding the best-selling scooters in India in August, Bajaj Chetak leads with 52,248 units sold. TVS iQube is in second place, having sold 42,882 units. Hero Vida ranked third with 25,558 units sold. Ather Rizta took fourth place with 22,586 units sold. TVS Orbiter entered fifth place with 14,641 units sold. Additionally, 9,772 units of Greaves Magnus and 6,891 units of Ather 450 were sold.

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