Vietnamese conglomerate Vingroup, under VinFast, is currently constructing a Rs 165 billion (USD 2 billion) electric vehicle (EV) manufacturing facility in Thoothukudi, Tamil Nadu, and is in active discussions with the governments of Andhra Pradesh and Telangana to expand its presence in India. The move comes as part of VinFast’s broader strategy to tap into one of the world’s fastest-growing EV markets. The company plans to launch its VF7 and VF6 electric SUV models in India by the end of the year.
“After surveying several states, we chose Thoothukudi due to its excellent logistical advantages, including proximity to the port,” said Pham Sanh Chau, CEO of VinFast Asia and former Vietnamese ambassador to India. He added that rapid site development has been underway over the past 15 months. VinFast aims to establish a robust dealership network in Tier 2 and Tier 3 cities, where EV adoption is accelerating, thereby making electric mobility more accessible to a wider customer base.
Founded in 1993, Vingroup is Vietnam’s largest private-sector conglomerate with diversified operations spanning real estate, healthcare, education, hospitality, and technology. The company has already expanded into Indonesia, the Philippines, and the United States, and seeks to strengthen its footprint in India’s burgeoning electric vehicle sector.
