Mumbai, June 1 -- VinFast is set to debut in the world's fourth largest car market - India. In an environment like ours where the competition is extremely high, the Vietnamese carmaker has chalked out a long-term roadmap.

Their very first product will be the VinFast VF7, positioned in the Rs. 22 lakh to Rs. 30 lakh segment. This will be followed by a more modest VF6, positioned in the Rs. 18 lakh to Rs. 24 lakh segment. Both these price segments have stiff competition from well-established carmakers like Maruti, Hyundai, BYD, Tata, MG, Toyota, Skoda, Honda, and Volkswagen. This calls for a clear strategy and strong execution.

VinFast is in the process of setting up a new factory near Tuticorin, Tamil Nadu. Local production is the first ...