VinFast, the Vietnam-based EV manufacturer began construction work on February 25, for its first manufacturing facility in India, at the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate in Thootukudi, Tamil Nadu.
The groundbreaking ceremony was attended by Mr M. K. Stalin, Chief Minister of Tamil Nadu, Dr T. R. B. Rajaa, Minister for Industries Tamil Nadu, Mr V. Arun Roy IAS, Industries Secretary, Member of Parliament from the Thoothukudi constituency and MLAs from the Tamil Nadu government along with VinFast’s leadership team.
VinFast’s facility will be spread over 400 acres, and have an investment of USD 500 million (Rs 4,145 crore) over 5 years and create jobs for 3,000 to 3,500 people. The projected annual output of the facility is 1.50 lakh vehicles. The EV maker has plans to localise the production of its cars and also establish a dealership network across the country.
VinFast is the automotive arm of Vingroup and was established in 2017. The EV maker has a manufacturing facility in Hai Phong, Vietnam that has up to 90 percent automation. The Tamil Nadu facility will join the existing plant in Vietnam and the ones in Indonesia and USA which are under construction, to enhance the company’s global reach.
During the event, Mr Pham Sanh Chau, CEO of VinFast India stated that this ceremony is a significant stride towards sustainable and green mobility in India. The facility fulfils VinFast’s commitment to create jobs and green transportation, in the process solidifying the company’s position as a major player in the EV industry.
Dr T. R. B. Rajaa, Minister for Industries Tamil Nadu commented that VinFast’s entry into India reaffirms the state’s progressive industrial policies and its role as a global automotive innovation and manufacturing hub. He added that the state will match VinFast’s growth plans in India and that it is committed to make zero-emission mobility widely accessible.
VinFast’s line-up of EVs includes cars like the VF6, VF7, VF8 and VF9. This facility in Tamil Nadu will help in the company’s expansion in India. Let us see which cars make their way to our country.
