Vietnam's Green SM rolls into Delhi with 1,000 Vinfast EVs, eyes 10,000 by year-end
Vingroup's ride-hailing arm Green SM has launched premium EV taxis in Delhi using 1,000 seven-seater Vinfasts, with plans to scale to 10,000. The service plugs the gap left by Blusmart's collapse while doubling as a showroom for sister firm Vinfast's $500M India play, including a Tamil Nadu plant assembling 12,000 vehicles.
What happened
Vietnam's Green SM launched premium EV ride-hailing in Delhi with 1,000 Vinfast seven-seaters, targeting 10,000 by year-end. The Vingroup-owned service fills
Key facts
- 1,000 EVs
- 10,000 EVs target
- $500 million investment
- 12,000 vehicles assembled
- 45% Vietnam taxi market
Why this matters
Green SM's Delhi launch doubles as a Vinfast demo channel, signaling that incumbents like Uber and Ola face a coordinated OEM-plus-fleet threat that may warrant defensive EV partnerships or fleet acquisitions.
What to watch
- Monthly fleet count vs 10K trajectory (need ~750/week additions)
- Vinfast VF7/VF e34 retail bookings post-Tamil Nadu plant inauguration
- Delhi RTO commercial EV permit issuance rates
- Uber Green / Ola EV-tier expansion announcements
- Per-km fare benchmarks vs Uber Premier and legacy Blusmart pricing
- Charging infrastructure MoUs and depot announcements in NCR
- Watch Uber/Ola announce EV fleet commitments or premium-tier launches within 60 days
- Expect Vinfast to bundle taxi-fleet financing with Tamil Nadu plant launch marketing in Q4
- Anticipate Green SM city-2 announcement (Mumbai or Bengaluru) within 90 days to lock first-mover narrative
- Charging partner deal (Tata Power, Statiq, or ChargeZone) likely within 30-45 days
- Driver-partner acquisition push as Blusmart's stranded 10K+ drivers become target pool