- VinFast sold 5,178 units in FY27 so far, with GreenSM accounting for roughly 27% of those sales.
- GreenSM entered India in June, launching its premium EV cab service in Delhi-NCR as a springboard for nationwide expansion.
- According to Vahan data, taxi registrations rose 9% year-on-year to roughly 312,665 units in calendar year 2025.
- Captive orders from promoter-owned EV taxi service GreenSM account for over 25% of VinFast’s sales, securing its spot among India’s top five EV makers in its first year.
- Data from the government’s Vahan portal shows that GreenSM accounted for 21% to 33% of VinFast’s monthly sales between April and July as the ride-hailing service rolled out across Delhi-NCR.
- This internal demand has helped the company defend its spot as India’s fifth-largest EV maker, putting it ahead of Hyundai, Kia, and BYD.
- From April to June, VinFast's month-on-month growth has remained in the 8-18% range, excluding sales to the commercial fleet.
- Overall month-on-month growth spiked to 69% in April with the commercial fleet sales included, but normalised negative 1% in May and 11% in June.
- As GreenSM expands its footprint beyond Delhi-NCR, the partnership is set to give VinFast's Indian sales a further boost.
VinFast's deployment of its electric taxi service, GreenSM, is reshaping the Indian EV market. The service, which launched in June, has quickly become a significant contributor to the company's sales, accounting for 27% of the 5,178 units sold in FY27.124
Data from the government’s Vahan portal indicates that GreenSM's contribution to monthly sales ranged from 21% to 33% between April and July, as the service expanded across the Delhi-NCR region. This surge in internal demand has solidified VinFast's position as the fifth-largest EV maker in India, surpassing established brands like Hyundai and Kia.5
In 2023, VinFast's global deliveries soared from 7,000 to 33,000 vehicles, with over two-thirds of these sales directed to GreenSM. The company has reported a month-on-month growth rate of 8-18% from April to June, with a notable spike of 69% in April when including commercial fleet sales.7
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Tapan Ghosh, CEO of VinFast India, emphasized the company's commitment to building a robust ecosystem around its products, stating, “We don’t have any market share objective. What we want to do is build strong products, create value for customers and develop the entire ecosystem around them.” The company is also expanding its charging infrastructure, partnering with around 10,000 HPCL fuel stations to enhance accessibility for EV users.
As VinFast continues to grow, it aims to leverage its integrated manufacturing facility in Tamil Nadu, which spans nearly 400 acres and represents an initial investment of $500 million.
“VinFast's sales to its captive fleet business have helped secure its position as India's fifth-largest EV maker, surpassing Hyundai and Kia. Tapan Ghosh, CEO of VinFast India, emphasized the importance of commercial mobility operators in accelerating EV adoption, reflecting a healthy and evolving market.”
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