Vietnamese EV major doubles down: VinFast will invest USD 500 mn (INR 44.6 bn) to expand its manufacturing facility in Tamil Nadu as part of a broader USD 2 bn investment pledge to build dedicated assembly lines for electric buses and e-scooters, according to a press release.

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What’s next? A new 500-acre land parcel adjoining its existing 400-acre facility in Sipcot Industrial Park in the southern state of Tamil Nadu will support the expansion, taking plant capacity from 50k to 150k EVs annually.

State backs build-out: The Tamil Nadu government will provide regulatory clearance and infrastructure support, including power, water, roads, and waste management. The expansion broadens Vinfast’s India portfolio beyond electric cars and will create jobs and avenues for localization, making the Indian state a strategic hub in its global build-out, the release said.

Since entering India, VinFast has built out manufacturing, distribution, charging, and aftersales networks, with 24 dealers operating across major cities and a target of 35 by year-end.

IN CONTEXT– We also covered reports of a possible consortium of Emirati investors, led by Emirates Driving, to provide at least USD 1 bn in funding to the Vietnamese automotive company.

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