VinFast's India Entry Begins with $2B EV Plant in Tamil Nadu

The multinational company VinFast (Vietnamese electric vehicle (EV) major) will be launching its new car assembly unit in Tamil Nadu by the end of June.In the near future, apart from the Vietnamese market, we will focus more on the Indonesian, Indian, and Philippine markets," Pham Nhat Vuong told shareholders of VinFast's parent company, Vingroup. The state of Tamil Nadu was chosen for the $2 billion facility by VinFast, the Nasdaq-listed international competitor of the American EV behemoth Tesla. The project's initial phase will cost $500 million, and the plant is anticipated to be able to produce up to 150,000 automobiles annually. Production of EVs is anticipated to begin at the site in 2026.

The plant will also build a comprehensive EV ecosystem for electric vehicles, which includes manufacturing batteries and setting up charging stations across the nation. V-Green, a group of companies, is looking for collaboration with the other investors in creating charging infrastructure with an advanced technology. In January this year, it was revealed by Pham Sanh Chau why Thoothukudi was chosen for the project. “We selected Thoothukudi since it is close to the seaport and airport, which will allow us to export. We have two factories in Vietnam; one is 50,000 and another is around 100,000. We are looking at India for the domestic market, West Asia, and Africa,” he said.

It is anticipated that VinFast's Electric Vehicle Industry integrated electric vehicle facility will create between 3000 and 3500 local job opportunities. The business began with two all-electric luxury SUVs, the VF 7 and VF 6, for the Indian market at the Bharat Mobility Global Expo 2025. Later this year, the EVs will be established.