Recently, the Indian media reported that VinFast is exploring potential locations to construct a new car manufacturing facility in India.
According to the reports, VinFast is considering two locations in the states of Tamil Nadu and Gujarat due to their favorable attributes, including the presence of numerous ports, convenient transportation of goods, and extensive trade opportunities. Tamil Nadu, in particular, offers advantageous access to East Asian markets, which aligns with VinFast’s target market.
In a recent announcement by VinFast Auto, the company expressed its intention to establish a manufacturing facility in India. It plans to invest approximately 200 million USD (around 5 trillion VND) with the goal of producing electric cars by 2026.
Ms. Le Thi Thu Thuy, CEO of VinFast, stated that the electric car manufacturing plant in India is anticipated to have an initial capacity of roughly 50,000 cars per year and require an investment of around 150 – 200 million USD (3.6 – 5 trillion VND).
In addition to Indonesia, India is a crucial market in VinFast’s strategy to launch electric cars in the international market.
Vietnam’s electric car company will leverage the support from the respective governments of both Indonesia and India to establish complete electric car manufacturing facilities.
TH (Tuoitrethudo)
Over 32,000 members celebrate VinFast Global Community’s birthday
The week-long global VinFast Community Birthday Celebration (7-14/10) was a lively series of events that took place from the North to the South, creating unforgettable moments and memories for all participants. It affirmed the position of VinFast as a sophisticated and tightly-knit community of car owners, unrivaled in Vietnam.