The global transition toward electric mobility is gaining pace as automakers look for new ways to encourage drivers to shift from petrol and diesel vehicles to electric alternatives. Vietnamese electric vehicle manufacturer VinFast has introduced a new initiative called the “Trade Gas for Electric” program. The program aims to make the switch to electric vehicles more attractive by offering additional discounts to customers who trade in their internal combustion engine (ICE) vehicles.
The initiative has been introduced at a time when fuel prices remain high in many markets. By offering incentives for trading conventional vehicles, VinFast is attempting to reduce the cost barrier associated with purchasing electric vehicles.
Program
The Trade Gas for Electric program provides extra discounts to buyers who exchange their existing petrol or diesel vehicles for VinFast electric models. The program applies to multiple markets where the company is expanding its presence, including India, Indonesia, the Philippines, and Vietnam.
Under the initiative, customers trading in ICE vehicles can receive additional price reductions on VinFast electric vehicles and scooters.
| Vehicle Type | Additional Discount |
|---|---|
| Electric Cars | Up to 3% |
| Electric Scooters | Up to 5% |
The scooter-related discount does not currently apply in India. VinFast has not yet introduced its electric two-wheeler lineup in the Indian market, so the offer for scooters is limited to other regions where those products are available.
Trade-in programs are commonly used in the automotive industry to encourage upgrades to newer technologies. In this case, the initiative is designed to support the shift from fuel-based vehicles to electric mobility.
Models
VinFast currently sells two electric SUVs in India – the VF 6 and the VF 7. Both vehicles are positioned in popular SUV segments and are intended to compete with other electric models in similar price brackets.
VinFast EVs Available in India
| Model | Segment | Price Positioning | Safety Rating |
|---|---|---|---|
| VF 6 | Compact electric SUV | Sub Rs. 20 lakh segment | 5-star BNCAP |
| VF 7 | Premium electric SUV | Sub Rs. 30 lakh segment | 5-star BNCAP |
Both models have received a five-star safety rating from the Bharat New Car Assessment Programme (BNCAP), which evaluates vehicle safety standards for the Indian market.
Performance
The two electric SUVs differ in terms of power output, battery capacity, and performance characteristics.
VF 6 Specifications
| Feature | Details |
|---|---|
| Motor Type | PMS electric motor |
| Power Output | 210 bhp |
| Torque | 310 Nm |
| Battery Capacity | 59.6 kWh |
| Claimed Range | 468 km |
The VF 6 is positioned as a practical electric SUV aimed at buyers looking for a balance between performance and everyday usability.
VF 7 Specifications
| Feature | Details |
|---|---|
| Power Output | 348.4 bhp |
| Torque | 510 Nm |
| Battery Capacity | 70 kWh |
The VF 7 sits in a higher performance category and is designed to compete in the more premium electric SUV segment.
Pipeline
VinFast has also announced plans to expand its product lineup in India in the near future. The company is preparing to introduce additional electric vehicles across different segments.
Two models expected to arrive in the Indian market include:
- VF 3 – A compact urban EV expected to compete with vehicles such as the MG Comet
- Limo Green – An electric MPV positioned to rival the Kia Carens Clavis EV
These additions suggest that VinFast is planning a broader product portfolio targeting both city commuters and family buyers.
Investment
Alongside product launches, VinFast is also investing in local manufacturing infrastructure in India. The company has announced the development of a production facility in Thoothukudi.
| Detail | Information |
|---|---|
| Investment | USD 500 million |
| Annual Production Capacity | 150,000 vehicles |
| Location | Thoothukudi, Tamil Nadu |
The manufacturing facility is expected to support VinFast’s long-term plans in the Indian market and may help reduce production costs through local assembly.
Strategy
VinFast’s approach to the Indian market combines product expansion, pricing incentives, and investment in domestic manufacturing. Programs such as Trade Gas for Electric are intended to encourage consumers to consider electric vehicles by providing financial incentives for replacing conventional cars.
As infrastructure for electric mobility continues to develop and more models enter the market, incentives like trade-in discounts could play a role in influencing purchase decisions. The company’s investments and product plans indicate that India remains a key market in its broader expansion strategy.
FAQs
What is the Trade Gas for Electric program?
It offers extra discounts when trading ICE vehicles for VinFast EVs.
How much discount is offered on EV cars?
Buyers can receive up to 3% additional discount on electric cars.
Which VinFast EVs are available in India?
Currently the VF 6 and VF 7 electric SUVs are available.
What is the range of the VinFast VF 6?
The VF 6 offers a driving range of about 468 km.
Where is VinFast building its India factory?
VinFast is investing in a plant in Thoothukudi, India.
