11 months ago

VinFast to Appoint Hyundai India's Tapan Ghosh as CEO

VinFast to Appoint Hyundai India's Tapan Ghosh as CEO
VinFast may appoint an Indian to lead the charge in Indian market · livemint.com

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.

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

Sources

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