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VinFast puts the brakes on manufacturing some cars in India, sources and memo say

Source: reuters.com

Automotive & EVCompany FundamentalsCorporate Guidance & OutlookRegulation & Legislation
VinFast puts the brakes on manufacturing some cars in India, sources and memo say

VinFast has suspended plans to manufacture three EV models in India, instructing suppliers to halt work as it reassesses costs, per sources and an internal memo. The move signals a setback about a year after entering a key growth market, likely raising near-term execution and cost concerns for the program.

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