New Delhi: With a volatility in global fuel prices, Vingroup has announced the launch of a special “Trade Gas for Electric” program in Vietnam, India, Indonesia, and the Philippines. The program offers an additional 3 per cent discount on VinFast cars and a 5 per cent discount on VinFast scooters for customers switching from ICE vehicles.
The program could get extended depending on international developments and future fuel price movements.
Deputy CEO of Global Sales, VinFast, Ms Duong Thi Thu Trang, said, “The special ‘Trade Gas for Electric’ program launched in March across four key markets is VinFast’s timely response to geopolitical volatility that is affecting socio-economic conditions in many countries around the world. As one of the pioneering manufacturers leading the global electric vehicle revolution, VinFast, together with companies in Vingroup’s green ecosystem, aims to help reduce the impact of fuel prices on people’s daily lives while also lowering environmental pollution through smarter, more sustainable, and more cost-efficient mobility solutions.”
The special “Trade Gas for Electric” program will be implemented in parallel with and combined with other available incentive programs in each of the markets. Through layered incentives, Vingroup and companies within their ecosystem are trying to make favourable conditions for customers to transition faster to EVs, reduce dependence on ICE, stabilise everyday lifestyle, and contribute to making for a cleaner and more civil living atmosphere.
In India, the brand’s Thoothukudi facility in Tamil Nadu is a testament to a $500 million investment and will produce 1,50,000 vehicles and has steadily building themselves in the market.