Car models moved to assemble in Vietnam, promising deep price reductions

Toyota Veloz Cross and Toyota Avanza Premio

Although only introduced in Vietnam in March 2022, the two Toyota Veloz Cross and Toyota Avanza Premio models have shown their strong appeal in the small 7-seat MPV segment. Car sales in Vietnam have continuously increased rapidly, causing the Japanese brand to switch to assembly to be more proactive in supply.

Along with the shift from importing from Indonesia to assembling domestically, the prices of these two models are expected to drop sharply. Accordingly, Toyota Veloz Cross is currently priced at 658 - 698 million VND and Avanza Premio is 558 - 598 million VND.

The switch to domestic assembly makes these two models more competitive with Mitsubishi Xpander. Photo: Toyota Vietnam

Toyota Veloz Cross and Avanza Premio share the same 2NR-VE engine block, 1.5L capacity, 4 inline cylinders that help produce 105 horsepower and 137 Nm of torque connected to a CVT gearbox and front-wheel drive system.

BMW assembled car series

According to the latest information, BMW Group has confirmed that Thaco will soon produce and assemble some of the brand's car models. According to BMW Group's representative, this cooperation will help expand BMW Group's car production network in Asia, including factories in India and Thailand, joint ventures in China and partner factories in Malaysia, Indonesia and now Vietnam.

Many luxury sedan models of the BMW brand are assembled in Vietnam. Photo: Thaco

In Vietnam, Thaco will manufacture and assemble four main product lines including BMW X3, X5, 3-Series and 5-Series. It is known that these are all the best-selling BMW products in the Vietnamese market over the past time.

Assembling domestically instead of importing completely from Germany will help BMW cars reduce prices significantly. It is known that previously imported from Germany, BMW cars were not exempted from import tax like cars imported from ASEAN, so the price was quite high. It is expected that the assembled BMW 3-Series will have a starting price of 1.6 billion VND instead of 1.9 billion VND as before.

Skoda car series

TC Motor and Skoda Auto from the Czech Republic have entered into a strategic partnership to assemble Skoda cars in Vietnam. Skoda has chosen Vietnam (the only country in Southeast Asia) that has a good traditional friendly cooperative relationship with the Czech Republic.

The series of Skoda cars to be assembled in Vietnam are all in the low-cost car segment. Photo: Skoda.

Therefore, the Vietnamese market with nearly 100 million people will become the gateway for Czech car brands to enter the ASEAN market, a more attractive destination with a total of 10 countries in the free trade area and the opportunity to reach more than 600 million potential customers.

It is expected that the latest cars manufactured in Europe and imported into Vietnam under the Skoda brand will be sold in 2023.