Vietnamese EV maker VinFast has announced a price hike for its VF6 and VF7 electric SUVs in India, with increases of up to Rs 1.3 lakh. The revision reflects rising input costs and global market pressures, though the company maintains its focus on expanding India’s EV ecosystem.
VinFast, which entered the Indian market in 2025, has adjusted the pricing of its VF6 and VF7 models, citing higher raw material costs and global supply chain challenges. The move comes as the company continues to strengthen its footprint in India’s fast-growing electric vehicle sector, where demand for affordable EVs is rising despite cost pressures.
Key highlights from the announcement include
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The VF6 and VF7 electric SUVs have seen price hikes of up to Rs 1.3 lakh.
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VinFast attributed the increase to rising input costs and global supply chain challenges.
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The VF6 is positioned as a compact SUV, while the VF7 targets the mid-size SUV segment.
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Both models feature advanced driver-assistance systems, long-range battery options, and connected car technologies.
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VinFast continues to emphasize India as a strategic market, with plans to expand dealership networks and charging infrastructure.
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The company is also investing in localized manufacturing to reduce costs and improve accessibility.
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Industry analysts note that while the hike may affect short-term affordability, VinFast’s focus on technology and infrastructure could sustain long-term demand.
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The price revision aligns with broader trends in the EV industry, where global manufacturers are adjusting to rising costs of lithium, nickel, and other battery materials.
Despite the price hike, VinFast remains committed to India’s EV adoption goals, positioning its SUVs as premium yet accessible options for urban and semi-urban consumers. The VF6 and VF7 are expected to play a key role in diversifying India’s EV portfolio, offering alternatives to established players like Tata Motors, MG, and Hyundai.
As India accelerates its transition to clean mobility, VinFast’s pricing strategy reflects the balance between global cost realities and local market aspirations. The company’s continued investment in infrastructure and localized production is expected to mitigate long-term challenges, ensuring its competitiveness in the evolving EV landscape.
Sources: Economic Times, Business Standard, Hindustan Times, Times Now