Vietnamese electric-vehicle maker VinFast has begun production at its first factory outside its home market, inaugurating a plant in Thoothukudi, Tamil Nadu. The facility, established under a memorandum with the state government for investment of up to $2 billion—including an initial $500 million over the first five years—has been designed for an annual capacity of as many as 150,000 vehicles, according to Asia Chief Executive Officer Pham Sanh Chau. Chau said VinFast is negotiating with several current component suppliers, some of which are considering shifting output to an adjacent industrial park, as the company seeks to deepen local sourcing in India. The plant has already received export orders from Sri Lanka, Nepal and Mauritius, positioning the site as a hub for South Asia, the Middle East and Africa while prioritising domestic demand. To support sales, VinFast plans to open 35 showrooms across 27 Indian cities by the end of 2025, adding to recently launched outlets in Surat and Chennai. The Vietnamese firm has set a global delivery target of 200,000 cars next year after selling about 72,100 units in the first half of 2025. Separately, VinFast’s parent Vingroup filed plans to invest 373.8 trillion dong ($14 billion) in a seaport and logistics centre in Haiphong, to be developed in phases through 2040, underscoring the group’s expanding manufacturing and supply-chain ambitions.
#vinfast begins #EV production in #India today, August 4, at its ₹16,000-cr plant in #TamilNadu—the first dedicated EV facility in the country by a foreign company. The Vietnamese firm also plans 35 dealerships this year. Details here https://t.co/SFomOn2JZw @shinejac https://t.co/JW1vhYqJf5
Vietnam's Vingroup plans $14 bln seaport, logistics centre in Haiphong https://t.co/GufBsmsV78 https://t.co/GufBsmsV78
Vietnam's VinFast launches its first plant outside home country in Tamil Nadu; plans to scale up to 150,000 units and position India as key EV export hub. @shinejac reports👇 #vinfast #Vietnam #Chennai #TamilNadu #EV https://t.co/XbzRukuA7L