Vietnam’s top EV manufacturer, VinFast, starts building an integrated electric vehicle facility in Tamil Nadu, India.
Inauguration Ceremony Highlights
The groundbreaking ceremony, graced by dignitaries including Thiru M. K. Stalin, Chief Minister of Tamil Nadu, and Thiru Dr. T. R. B. Rajaa, Minister for Industries, marked the commencement of a project set to create job opportunities for approximately 3,500 local workers.
The event took place on a sprawling 400-acre site within the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate, emphasizing the scale and ambition of VinFast’s venture.
Investment and Capacity
With an initial investment of $500 million over five years, VinFast’s EV facility is projected to have an annual production capacity of 150,000 vehicles.
This investment not only aims to solidify VinFast’s global position but also intends to increase local economic growth by generating 3,000 to 3,500 jobs.
The company envisions a future of green transportation, backed by strategic partnerships and a focus on localization.
Leadership Perspective
Mr. Pham Sanh Chau, CEO of VinFast India, expressed the company’s commitment to sustainable mobility and job creation.
The Thoothukudi plant is not just a manufacturing facility; it symbolizes VinFast’s dedication to a zero-emission transportation future, fostering economic growth, innovation, and environmental sustainability in the region.
Tamil Nadu’s Role
Dr. T. R. B. Rajaa, Honourable Minister for Industries, highlighted Tamil Nadu’s progressive industrial policies and its pivotal role as a global automotive innovation and manufacturing hub.
The entry of VinFast into India aligns with Tamil Nadu’s commitment to making zero-emission mobility widely accessible, contributing significantly to local economic advancement, job creation, and technical skill development.
Global Expansion Strategy
India plays a crucial role in VinFast’s global expansion plan. This project joins existing manufacturing complexes in Vietnam and future plants in the U.S. and Indonesia, forming a robust global manufacturing ecosystem.
VinFast envisions not just an EV facility but a nationwide presence, with plans to establish a comprehensive dealership network across India.
Commitment to the Indian Market
VinFast’s commitment goes beyond manufacturing, extending to building a strong brand presence and connecting with customers nationwide through a well-established dealership network.
The company aims to provide premium quality products, competitive pricing, and outstanding after-sales services, making electric mobility accessible to a broader audience.