11 months ago
VinFast to Appoint Hyundai India's Tapan Ghosh as CEO
VinFast, a Vietnamese car company, is getting ready to sell electric cars in India.
They plan to hire Tapan Ghosh, a high-ranking executive from Hyundai India, to lead their efforts.
VinFast will make their cars in India, aiming to sell them at a similar price to cars made by Tata and Mahindra.
This is a big step because they are investing a lot of money.
Experts say that VinFast needs a strong local leader and brand recognition to succeed against established Indian carmakers.
This strategy differs from Tesla, which has been less aggressive in India.
VinFast to appoint Tapan Ghosh as CEO of its India unit.
Ghosh is currently the VP and function head of sales at Hyundai India.
VinFast launched two electric SUVs in India recently, targeting the ₹16-₹24 lakh price range.
The company has set up an assembly plant in Thoothukudi, Tamil Nadu.
VinFast has committed $2 billion investment in India over the next few years.
- Who
- VinFast is set to appoint Tapan Ghosh as CEO of its India unit.
- What
- VinFast plans to appoint Tapan Ghosh, currently with Hyundai India, as CEO of its India unit.
- Where
- In India, where VinFast has already set up an assembly plant.
- When
- Ghosh is expected to join VinFast on October 16th.
- Why
- VinFast aims to compete with Tata and Mahindra in the Indian electric vehicle market.
Key facts
- Company
- VinFast
- Executive Hire
- Tapan Ghosh
- Former Role
- Hyundai India VP
- Planned India Investment
- $2 billion
- Initial Production Capacity
- 50,000 cars annually
- Target Price Range
- ₹16-₹24 lakh
- Assembly Plant Location
- Thoothukudi, Tamil Nadu
Quotes
Puneet Gupta
Director at S&P Global Mobility
“Customers already have inhibitions about EVs, so an added uncertainty about a relatively unknown brand in the Indian market will not make things easy for VinFast. They will have to invest heavily in leadership team and brand building, which should have ideally started along with its scaling of production”
livemint.com





