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VinFast and BYD outpace the US EV giant with sharper pricing, faster localisation signals and wider networks.
VinFast outsold Tesla in India by seven times in FY26, despite entering at the same time.
KEY POINTS
- 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
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