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Vietnam automaker Vinfast to build factory in India, eyeing growth in Asia
TAMIL NADU, INDIA, AUG 4 – VinFast's new plant aims to produce up to 150,000 EVs annually and create over 3,000 local jobs as it targets South Asia and other emerging markets, Asia CEO said.
- VinFast is producing at a $500 million electric vehicle plant in Tamil Nadu, India, aiming for an initial output of 50,000 vehicles per year.
- The factory has the potential to triple its output to 150,000 cars annually and will also support local services, including charging and repairs.
- VinFast plans to invest $2 billion in India, seeking to establish a hub for exports to South Asia, the Middle East, and Africa.
- The company plans to establish showrooms and service centers, partnering with local businesses for infrastructure.
38 Articles
38 Articles
Vietnam automaker VinFast opens factory in India, eyeing growth in Asia
THOOTHUKUDI, India (AP) — Vietnam’s VinFast began production at a $500 million electric vehicle plant in southern India’s Tamil Nadu state on Monday, part of a planned $2 billion investment in India and a broader expansion across Asia.
EV Maker VinFast Sees New India Factory as Key for Exports
Vietnamese electric vehicle maker VinFast Auto Ltd. sees its new India factory as key to entering South Asia, the Middle East and Africa, Asia Chief Executive Officer Pham Sanh Chau said, as it begins a $500 million push to crack the world’s third-biggest car market.
Vietnam automaker Vinfast opens factory in India, eyeing growth in Asia
Vietnam’s Vinfast on Monday began production at a $500 million electric vehicle plant in southern India’s Tamil Nadu state, part of a planned $2 billion investment in India and a broader expansion across Asia.The factory in Thoothukudi will initially make 50,000 electric vehicles annually, with room to triple output to 150,000 cars. Given its proximity to a major port in one of India's most industrialized states, Vinfast hopes it will be a hub f…
Vietnam Automaker Vinfast to Build Factory in India, Eyeing Growth in Asia
THOOTHUKUDI, India (AP) — Vietnam’s Vinfast is due to break ground Monday on a $500 million electric vehicle plant in southern India’s Tamil Nadu state, part of a planned $2 billion investment in India and a broader expansion across Asia.
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