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VinFast’s 500M EV Factory: What’s Coming From The New Entrant In India?
VinFast recently established a $500 million electric vehicle plant in Thoothukudi, Tamil Nadu. This facility is part of a larger $2 billion India investment plan, which aims to hit an initial production of 50,000 EVs annually. With capacity to scale to 1.50 lakh units, the plant already promises over 3,000 local jobs and fast access to ports for regional exports. With models like the VF6 and VF7 on deck and production kicking off, VinFast is making a pointed move into the third-largest car market in the world.
Why Thoothukudi?
VinFast zeroed down on this site in southern Tamil Nadu after evaluating 15 places in six states. The decision came from key local perks such as a favourable industrial setup, skilled workers, strong roads, and good port connectivity. All of these factors make Thoothukudi ideal for manufacturing and exporting vehicles. VinFast plans for this plant to turn into a regional export centre, serving markets in regions like South Asia, Middle East, and Africa.
What VinFast Aims to Do Next?
Growth Through Localisation
Production had started off using CKD kits (partially assembled components), with plans to ramp up to 70–80 per cent local sourcing. VinFast is in active talks with Indian and Vietnamese suppliers to set up nearby operations.
Models Tailored For India
At the recent edition of the Indian Auto Show, VinFast unveiled its VF6 and VF7 premium electric SUVs, aimed squarely at the Indian market. The prices of both models will finally be announced tomorrow.
Building The Ecosystem
Beyond manufacturing, VinFast is setting up showrooms (32 signed across 27 cities so far, aiming for 35 by year-end) and forging ties in charging infrastructure—especially via a partnership with RoadGrid.
Export Vision
The facility is designed not only for domestic sales but also for international markets. With direct port access, VinFast is set to build export-ready vehicles as well, for countries such as Sri Lanka, Nepal, the Middle East, and Africa among others.
VinFast’s India plant is positioned as both a manufacturing base and an export hub. The company has laid out plans for localized sourcing, dealer expansion, and charging partnerships, while initial models like the VF6 and VF7 are lined up for launch. How successfully it competes in a crowded EV market will depend on execution, pricing of its models, and how quickly supporting infrastructure develops.
Stay tuned with Times Now Auto for the latest updates on VinFast’s India plans, upcoming EV launches, and how this $500M plant could shape the country’s electric mobility future.
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