VinFast Initiates Construction on its Inaugural EV Manufacturing Facility in India

VinFast Initiates Construction on its Inaugural EV Manufacturing Facility in India
Image used for information purpose only. Picture Credit:

VinFast is set to unveil 2-3 electric SUVs in India, commencing with the VF e-34 crossover. The Vietnamese electric vehicle manufacturer has recently initiated the construction of its first fully integrated EV manufacturing facility in Thoothukudi, Tamil Nadu.

Situated across 400 acres within the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate, VinFast India’s manufacturing unit marks a significant step into the Indian market. The project involves an initial investment of $500 million spread over five years, with an anticipated annual production capacity of 150,000 units. This development is expected to generate 3,000 to 3,500 employment opportunities in the region.

In tandem with the manufacturing venture, VinFast is strategizing the establishment of a comprehensive nationwide dealership network.

VinFast is set to introduce 2-3 electric SUVs in India, with the VF e-34 crossover leading the way. Additionally, the carmaker plans to bring the VF6 and VF7 electric SUVs to the Indian market.

Pham Sanh Chau, CEO of VinFast India, emphasized that the establishment of an integrated electric vehicle facility underscores the company’s commitment to job creation, sustainable transportation, and strategic partnerships. This move solidifies VinFast’s significant role in the electric vehicle industry. Chau noted that the milestone enhances the connections between the robust economies of Vietnam and India, highlighting VinFast’s dedication to a zero-emission transportation future. This initiative is seen as setting the stage for economic growth, innovation, and environmental sustainability in the region.

Dr. T.R. B. Rajaa, the Honorable Minister for Industries in the Government of Tamil Nadu, stated that VinFast’s entry into India reaffirms Tamil Nadu’s progressive industrial policies and its position as a global hub for automotive innovation and manufacturing.

It’s worth mentioning that VinFast had previously requested a temporary reduction in import duties on its cars from the Indian government.

Read More