VTinFast is a subsidiary of Vingroup, Vietnam's largest private conglomerate. The revenue of Vingroup and V its subsidiaries was around 1.1 percent of the GDP of Vietnam in 2022. The company broadly divides its presence into three sectors - technology and industry, real estate development and services, and social enterprise. Basically, Vingroup's business encompasses the tech sector, real estate, hospitality, education along with several not-for-profit organisations. Vingroup and its owner and chairman Pham Nhat Vuong's rise has been quite rapid, from starting out with an instant noodles business in 1993, to becoming a billionaire with a net worth around USD 7 billion. At one point, following a blockbuster debut on the Nasdaq, VinFast was worth more than the likes of Ford and General Motors with a valuation of USD 85 billion. Point is, the company has money, is growing rapidly, has ambitious plans of selling cars globally, and has now decided to set up a manufacturing facility in India to cater to the domestic as well as export markets.
HOW IT STARTED
Denne historien er fra February 2024-utgaven av Auto Today.
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Denne historien er fra February 2024-utgaven av Auto Today.
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Old School Charm
BSA's Gold Star 650 has arrived in the Indian market with a starting price of Rs 2.99 lakh (ex-showroom). It takes a single-minded approach to retro looks, performance and cylinders. Does it have what it takes to be your garage's premier modern classic motorcycle?
Destini's Child
Is Hero's updated 125cc scooter finally destined to break into topselling products in its segment? Can the 2024 Destini 125 take the fight to the other top contenders? We recently headed down to sunny Goa to ride the updated Destini to find out if it is up to the task
Drops of Jupiter
TVS has launched a thoroughly updated version of the Jupiter 110 which comes with several crucial updates. Does the Jupiter 110 have the chops to top the list of best-selling scooters in India? We headed to Hosur looking for an answer
A well-deserved CHANGE
Ever since Its launch, the Hyundai Alcazar been doing well in the Indian market. Now though, things have gotten spicier as Hyundai has updated the Alcazar. So what all has changed and does it make a difference? Let's find out
Combustion Curvvs
Coupes are the new black, and the C-segment has its newest contender in the form of the Tata Curvv, which looks to take on the Creta and the Grand Vitara with a slightly different approach
CROSSOVER CULTURE
MG's newest contender the Windsor takes out-of-the-box thinking to new levels, but can this Crossover Utility Vehicle offer enough to be your next mobility solution? Read on to find out
WHAT A MINI
The Mini brand is all about being different and away from the rest. So does the Mini Countryman Electric stick to the plan? We find out
Aston's Vanquish returns with an 835bhp V12
ASTON MARTIN has revealed the new Vanquish, marking the return of the iconic nameplate after an absence of six years.
NOT A GIMMICK
We have heard of Xiaomi’s smartphones, TVs and tablets, but Anagh Bhaskar got the chance to get up close with the SU7, Xiaomi’s first ever attempt at a car that was first announced two years ago, and was launched in China earlier this year
Definitive update for the executive saloon
It has been 30 years since the E-Class was launched in India. Now it is time to launch the V214 version and it sure is after keeping the passenger pampered says Rahul Ghosh
