# VinFast and BYD outpace the US EV giant with sharper pricing, faster localisation signals and wider networks.

*business · news · 2026-04-08 · Business Standard*

## Key points

- VinFast outsold Tesla in India by seven times in FY26, despite entering at the same time.
- VinFast and BYD undercut Tesla's pricing by about 50% with models in the Rs 25–35 lakh range.
- BYD and VinFast rapidly expanded retail networks to over 34 cities, while Tesla has only two showrooms.
- Tesla has not committed to local manufacturing in India, unlike VinFast's announced Tamil Nadu plant.
- Tesla's weakest first-year global performance is in India, with only 342 units sold in FY26.

**Companies:** Tesla Inc., BYD, VinFast
**Countries:** India, Vietnam, China, United States

[Read the full story on Business Standard](https://www.business-standard.com/industry/auto/tesla-lags-new-foreign-entrants-in-india-ev-race-despite-global-playbook-126040800583_1.html)

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