Vinfast Is India's FASTEST Growing Electric Car Brand: VF MPV7 Effect?
The electric vehicle segment in India is growing, and in the last couple of years, we have seen several new brands enter this space. One of the latest entrants in this segment is Vietnamese electric vehicle brand VinFast. It is not only one of the newest but also one of the fastest-growing EV brands in the country. It is not just us saying this - the sales numbers reflect the same.
VinFast entered the Indian market last year with two brand-new electric SUVs - VF6 and VF7. Their aim was to compete with already established brands by offering SUVs at attractive prices. They maintained a low profile, started expanding their dealership network, and have been seeing a decent response from buyers across the country.
We have the sales numbers from January this year till April, and it looks like the figures are improving. VinFast is be one of the fastest-growing electric car brands in India.
In January, VinFast sold 448 units of EVs. In February, the number went down to 422, but in March, we saw a spike, with 739 units sold. This is a 57 percent rise in sales. In April 2026, VinFast sold 1,231 units of vehicles in India, which is a 60 percent increase compared to the previous month.
The reason why VinFast is able to show such growth is because it is a new brand. When a brand is new and has a limited number of models, it starts from a low base, and any increase in sales is considered growth.
This is called the “small base effect.” It occurs when a significant percentage increase in sales is recorded simply because the comparison period had exceptionally low sales volumes. Even a modest absolute increase can appear as strong growth when calculated against this low base.
To understand this in a simple way, let’s assume that a brand sold 0 vehicles in the first month after its launch. In the next month, if it sells 3 vehicles, it would be considered a 300 percent growth. However, in absolute numbers, it is still very low compared to competitors. The same applies to VinFast.
VinFast had the VF6 and VF7 as options in its line-up, which were bringing in decent numbers as mentioned above. However, last month they launched the VF MPV7, and that would have generated a good number of bookings as it is a new product. This likely contributed to the rise in sales numbers. In the coming months, the growth may stabilize.
It is not just VinFast that is seeing such growth in recent months. Maruti Suzuki, which launched its much-awaited EV this year, has also seen a similar trend. In January, Maruti sold 222 units of the eVitara, and by April 2026, the number had gone up to 1,222 units. This is also a result of the small base effect. In that sense, Maruti and Hyundai are in the second and third positions when it comes to growth.
At the moment, the electric vehicle segment in India is dominated by three major brands: Tata, MG, and Mahindra. All these brands took the EV segment seriously early on and have remained aggressive in this space. They now offer a wide variety of electric vehicles that are performing well in the market.
In April, Tata Motors sold 8,509 units of EVs in India, thanks to models like the Nexon EV, Harrier EV, Punch EV, and others. Mahindra also has models like the XEV 9S, which helped boost its sales. In April, Mahindra sold 5,394 units of EVs, which is higher than MG, which sold 4,978 units.