Vinfast, the Vietnamese carmaker, began its India operations in September 2025. It currently sells two models in India- the VF6 and VF7. Both have received strong initial response. To boost adoption further, Vingroup has announced a new ‘ Trade Gas For Electric’ campaign. This program will reward customers who trade in their internal combustion vehicles for Vinfast EVs. This will make these EVs even more affordable.
The ‘Trade Gas For Electric’ program isn’t limited to the Indian market alone. It can also be availed in countries like Vietnam, Indonesia and Philippines. Under the program, customers buying a VinFast electric car receive an additional discount of 3% on the purchase price.
Buyers opting for electric scooters get a five percent reduction in prices. Since Vinfast’s electric two-wheeler range isn't available in India yet, these do not apply here.
These apply on top of any existing promotional offer on these models. Vinfast believes that layered incentives like these can boost EV adoption by reducing upfront costs.
In addition to the discounts offered on new EV products, VinGroup is also offering fare reductions on its ride hailing service platform- Green and Smart Mobility (GSM). People who use Xanh SM in Vietnam and Green SM in Indonesia between March 11th and March 31st, will qualify for a 10% reduction in fares. This is expected to increase the platform usage.
VinGroup has indicated that the initiative may continue beyond the initial campaign period, depending on how global fuel prices evolve. These have been particularly volatile in the 2025-2026 period because of geopolitical tensions and shifting energy demand. This volatility has been a major concern for consumers in many markets.
In this context, the additional discounts offered by the program and reduced ride-hailing fares will encourage faster EV adoption and reduce the financial burden on users.
Duong Thi Thu Trang, the Deputy CEO of Global Sales at VinFast, said the campaign was launched in response to the economic and geopolitical uncertainties affecting fuel markets worldwide. It highlights VinFast’s ambition to position itself as a global EV player capable of influencing mobility trends beyond its home market.
This campaign is part of VinGroup’s broader strategy to reduce dependence on fossil fuels and build a sustainable mobility ecosystem. It, in short, aims to create reasons for people to switch to electric mobility.
With just two models, Vinfast has reportedly outsold more established players like BYD, within just months of starting its India operations. During the period from January 1 to March 3, Vinfast managed to sell 850 units in India. BYD, on the other hand, sold 550 units during the period (based on VAHAN data). Vinfast first achieved an edge in sales over BYD in December last year.
The Vietnamese carmaker is now preparing for another important product launch- the Limo Green electric MPV. This model is expected to bring major boost in overall volumes. Additionally, it also has plans to bring more of its global portfolio to India in the coming months (read: years). In the future, GSM will also start commencing operations in India.
Both the VF6 and VF7 belong to highly competitive segments. Pricing has played a key role in shaping their success here. Local manufacturing has helped in pricing these products right. Vinfast manufactures these SUVs at its plant in Thoothukudi, Tamil Nadu.