New Delhi: VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, broke ground for its integrated electric vehicle (EV) manufacturing facility in the port city of Thoothukudi, in Tamil Nadu, on Sunday . VinFast will make an investment of USD 500 million on the project over 5 years.
Spanning 400 acres in the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate, the facility will have a projected capacity of 150,000 EVs annually. It will create jobs for 3,000 to 3,500 local people, the company said.
While strengthening partnerships with world-leading suppliers, VinFast also plans to promote localization, contributing positively to local economic growth, the company said in a media release.
The groundbreaking ceremony was presided over by Tamil Nadu Chief Minister, M K Stalin. Industries Minister T. R. B. Rajaa, Industries Secretary V. Arun Roy, Kanimozhi Karunanidhi, Member of Parliament – Thoothukudi constituency, State ministers, MLAs, and the VinFast India leadership team attended.
Pham Sanh Chau, CEO of VinFast India, said, “VinFast’s ground-breaking ceremony for its plant in Thoothukudi, Tamil Nadu, is a significant stride 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, and underscores VinFast’s dedication to a zero-emission transportation future, setting the stage for economic growth, innovation, and environmental sustainability in the region.”
T. R. B. Rajaa said, “VinFast’s entry into India reaffirms Tamil Nadu’s progressive industrial policies and its role as a global automotive innovation and manufacturing hub. Tamil Nadu will match VinFast’s ambitious growth plans in the country and is committed to making zero-emission mobility widely accessible. We believe the project will substantially contribute to the local economic advancement, job creation, and technical skill development of the people of Tamil Nadu.”
India is a key market in VinFast’s global expansion plan, capitalizing on the potential presented by this rapidly growing market. The project not only affirms VinFast’s global reach but also joins the existing manufacturing complex in Vietnam and future plants in the US and Indonesia, solidifying VinFast’s global manufacturing ecosystem, the release sid.
In addition to the manufacturing facilities, VinFast plans to establish a nationwide dealership network to build a strong brand presence and swiftly connect with customers across the country. VinFast is committed to providing the Indian market with premium quality products, competitive pricing, and outstanding after-sales services to make electric mobility widely accessible and strengthen the comprehensive strategic partnership between Vietnam and India, the release added.
 industrial estate, the facility will have a projected capacity of 150,000 EVs annually. It will create jobs for 3,000 to 3,500 local people. VinFast will make an investment of USD 500 million on the project over 5 years, the company said.){kind=link}