VinFast starts building ₹4,000-cr EV Plant in Tamil Nadu

Vietnamese electric vehicle maker VinFast Auto Ltd., broke ground at its integrated electric vehicle manufacturing facility in Thoothukudi, Tamil Nadu on Sunday, 25 February. Tamil Nadu Chief Minister MK Stalin laid the foundation stone.

In the initial phase, VinFast Auto Ltd would invest ₹4,000 crore over the next five years, generating 3,500 jobs. The facility would have the capacity to produce up to 1.5 lakh vehicles annually once operational.

"In just 50 days since the MoU, Thoothukudi welcomed VinFast’s first EV plant—a monumental stride for the Dravidian Model Economy. With ₹16,000 crore investments and 10,000-plus jobs on the horizon, we are charging ahead into a future where opportunity and innovation meet," Stalin said in a release.

VinFast plans to enter the Indian market as part of its global expansion strategy to tap into the rapidly growing electric vehicle segment.

VinFast's India CEO, Pham Sanh Chau, said the plant's groundbreaking ceremony marks a significant step towards sustainable and green mobility in India.

"By establishing an integrated electric vehicle facility, the company’s commitment to job creation, green transportation, and strategic partnerships solidifies VinFast’s position as a major player in the electric vehicle industry. This milestone strengthens the bonds between the robust economies of Vietnam and India," he added.

The EV maker also intends to establish a nationwide dealership network to build a strong brand presence. The company is committed to providing the Indian market with premium-quality products, competitive pricing, and outstanding after-sales services.