VinFast Big India Bet: Tamil Nadu Plant to Start EV Production in July

Vietnamese electric car giant VinFast will begin manufacturing vehicles in its Tamil Nadu factory in July 2025, a significant milestone in its entry into India. The Thoothukudi factory, which was set up at a price of $500 million, will be churning out VF7 and VF6 models as Completely Knocked Down (unassembled) kits, with bookings having been opened in June.

 

Key Highlights

VinFast's Tamil Nadu factory to begin production in July, aiming for 50,000 EVs per year.

 

VF6 and VF7 models will be locally produced with reservations starting this month.

 

Future expansion is to produce 1,50,000 units to meet rising demand.

 

VinFast will have a strong dealership and service network in India.

 

Positioning the company as a premium EV brand with competitive pricing.

 

VinFast's foray into India will shake up the EV market with international expertise and ambitious growth ambitions.

 

Source: The Hindu | MSN | Business Standard | Financial Express