VinFast pivots to Asian markets with assembly plants in India and Indonesia, as Tesla hesitates over India’s import duties.

VinFast, the Vietnamese automaker often touted as Tesla’s competitor, is strategically redirecting its attention towards the Asian markets. The company is gearing up to establish assembly plants in India by June and Indonesia by October, a move believed to be prompted by the obstacles faced in the U.S. market. As VinFast ramps up its presence in Asia, Tesla, on the other hand, seems apprehensive about making its way into the Indian market mainly due to the high import duties imposed on foreign vehicles. The shift in focus by VinFast underscores the growing significance of the Asian automotive markets and the potential they hold for electric vehicle manufacturers. With VinFast making bold strides in the region, the competition in the electric vehicle sector is expected to intensify, paving the way for more innovation and advancements in the industry. Stay tuned as these developments unfold and reshape the landscape of the automotive industry in the coming months.

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