VinFast breaks ground on its first EV manufacturing plant in Tamil Nadu, India. Spanning 400 acres with an initial investment of $500 million, the plant aims for an annual capacity of 150,000 vehicles and will create 3,000-3,500 local jobs. The company also aims to advance localization efforts, bolstering local economic development.
Aside from building manufacturing facilities, VinFast intends to set up dealerships across the country to establish a strong brand presence and reach customers quickly. VinFast intends to offer premium-quality products, competitive pricing, and excellent after-sales service in India, aiming to make electric mobility widely available and strengthen the strategic partnership between Vietnam and India.
About VinFast
VinFast is a prominent Vietnamese automotive manufacturer renowned for its innovative electric vehicles and commitment to sustainable mobility. It aims to become a global leader in electric mobility, with ambitious plans to expand its presence beyond Vietnam and establish a strong foothold in international markets. Its vehicles are known for their sleek and modern design, attention to detail, and innovative features such as advanced battery systems, connectivity features, and autonomous driving capabilities that set them apart in the market.
VinFast’s global portfolio currently comprises various EVs: VF 5 Plus, VF 6, VF e34, VF 7, VF 8, and VF 9. Additionally, the brand provides internal combustion engine (ICE) vehicles and electric 2-wheelers in Vietnam.
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