Vietnamese electric vehicle manufacturer VinFast has introduced an internal combustion engine (ICE) to electric vehicle (EV) exchange programme in India as part of its strategy to expand its presence in the country’s fast-growing electric mobility market.
According to a PTI report, the initiative is designed to encourage customers to transition from petrol and diesel-powered vehicles to electric models by offering exchange benefits on VinFast’s upcoming electric SUVs, the VF 6 and VF 7. The exchange programme aims to lower the entry barrier for customers considering a switch to electric mobility. By allowing buyers to trade in their existing ICE vehicles, the company seeks to make EV ownership more accessible and financially viable.
VinFast has been strengthening its India strategy as it prepares to introduce its electric SUV portfolio in the market. The VF 6 and VF 7 are positioned in the premium electric SUV segment and are expected to compete with established and emerging EV players in the country. India is witnessing steady growth in electric vehicle adoption, supported by policy incentives, rising fuel costs, and increasing environmental awareness. Automakers are introducing new models and ownership schemes to accelerate the shift toward cleaner mobility solutions.
Industry observers note that exchange schemes can play a significant role in boosting EV adoption, particularly among consumers hesitant about upfront costs and resale value of existing vehicles. VinFast’s exchange drive signals its intent to position itself competitively in India’s evolving EV landscape while supporting the broader transition toward sustainable transportation.
