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Time of India
18 hours ago
- Automotive
- Time of India
With Tamil Nadu's EV plant, VinFast dreams far and wide
VinFast , the Vietnamese EV maker, has done it again. First it was in the port city of Haiphong, turning a swamp into a state-of-the-art factory. Now, the company is attempting a similar feat in southern India, where the contours of its second major plant are beginning to emerge. Over a year ago, the land outside Thoothukudi was little more than sun-baked scrubland. Today, assembly lines stand ready, the machinery set to stamp, weld and paint the first Vietnamese-designed electric cars meant for Indian roads. Phase one alone carries a $500 million investment, part of a $2 billion commitment. The assembly facility can turn out 50,000 vehicles annually, with room to triple output if demand rises, and is expected to create 3,000 to 3,500 jobs. Construction has stayed on schedule since the memorandum of understanding was signed in early 2024, and the first VF 6 and VF 7 models are set to reach Indian customers soon after the ribbon-cutting. Why India, Why Now As it scouts the next stop in its global expansion, VinFast sees India, where electric vehicles still make up only a single-digit share of the market, as a market on the edge of rapid growth. Rising environmental concerns and a demand for affordable mobility are reshaping consumer choices. By assembling locally, the company can bypass steep import duties and bring its premium SUVs closer to the budgets of India's expanding middle class. But the Tamil Nadu plant is meant to be more than an assembly site. VinFast hopes to replicate a strategy that has served it well in Vietnam: building an ecosystem that integrates production, a network of charging stations, sales to taxi and bus operators, and comprehensive after-sales support, including software updates, repairs and financing. To deliver this in India, the company has signed 13 distribution partners to open 32 outlets across 27 cities. It has also teamed with RoadGrid, myTVS and Global Assure to establish a charging and service backbone, while working with BatX Energies on recycling and second-life applications to build a closed battery loop and lower lifetime ownership costs. This ecosystem can require heavy amount of effort and investment, but it may be essential to easing range anxiety and making EV ownership routine. Tamil Nadu as Launchpad Tamil Nadu's 2023 EV policy offers land concessions, subsidies and expedited permits. State officials often point to the deep-sea Ro-Ro port at Thoothukudi as a springboard for exports. For the state, VinFast's plant represents a significant auto investment, reinforcing Tamil Nadu's status as India's most diverse automotive hub. The plant's modular design allows production to scale for nearby South Asian countries, Gulf states and African markets. Interest has already come from Nepal, Sri Lanka and Middle Eastern distributors, and trade analysts suggest Thoothukudi could become a hub for right-hand-drive exports if tariff agreements with the United States advance. For India, the gains may extend well beyond the state. The facility is expected to strengthen the country's EV supply chain , generating thousands of direct jobs and supporting many more in component manufacturing, logistics and software. Local sourcing requirements could draw dozens of suppliers into Tamil Nadu, accelerating technology transfer and giving Indian firms a foothold in Southeast Asian and Middle Eastern EV markets. The project is also expected to speed the Inia's transition to cleaner transport. A widespread network of service centers and chargers can help reduce one of the biggest barriers to EV adoption. By delivering competitively priced vehicles with reliable after-sales support, VinFast may pressure local automakers to expand their EV lineups, nudging India closer to its target of electrifying 30 percent of new car sales by 2030. Yet competition looms. Homegrown manufacturers dominate the EV market, and global giants are recalibrating their India strategies. But VinFast is betting that "premium yet accessible" models - mid-range pricing paired with strong connectivity and after-sales packages - will sway drivers away from gasoline.
The Wire
a day ago
- Automotive
- The Wire
With Tamil Nadu's EV Plant, VinFast Dreams Far and Wide
Vietnamese VinFast's Tamil Nadu plant signals South-South industrial ambition and a fresh chapter in Asia's EV contest Gurugram, Haryana, India (NewsVoir) VinFast, the Vietnamese EV maker, has done it again. First it was in the port city of Haiphong, turning a swamp into a state-of-the-art factory. Now, the company is attempting a similar feat in southern India, where the contours of its second major plant are beginning to emerge. Over a year ago, the land outside Thoothukudi was little more than sun-baked scrubland. Today, assembly lines stand ready, the machinery set to stamp, weld and paint the first Vietnamese-designed electric cars meant for Indian roads. Phase one alone carries a $500 million investment, part of a $2 billion commitment. The assembly facility can turn out 50,000 vehicles annually, with room to triple output if demand rises, and is expected to create 3,000 to 3,500 jobs. Construction has stayed on schedule since the memorandum of understanding was signed in early 2024, and the first VF 6 and VF 7 models are set to reach Indian customers soon after the ribbon-cutting. Why India, Why Now As it scouts the next stop in its global expansion, VinFast sees India, where electric vehicles still make up only a single-digit share of the market, as a market on the edge of rapid growth. Rising environmental concerns and a demand for affordable mobility are reshaping consumer choices. By assembling locally, the company can bypass steep import duties and bring its premium SUVs closer to the budgets of India's expanding middle class. But the Tamil Nadu plant is meant to be more than an assembly site. VinFast hopes to replicate a strategy that has served it well in Vietnam: building an ecosystem that integrates production, a network of charging stations, sales to taxi and bus operators, and comprehensive after-sales support, including software updates, repairs and financing. To deliver this in India, the company has signed 13 distribution partners to open 32 outlets across 27 cities. It has also teamed with RoadGrid, myTVS and Global Assure to establish a charging and service backbone, while working with BatX Energies on recycling and second-life applications to build a closed battery loop and lower lifetime ownership costs. This ecosystem can require heavy amount of effort and investment, but it may be essential to easing range anxiety and making EV ownership routine. Tamil Nadu as Launchpad Tamil Nadu's 2023 EV policy offers land concessions, subsidies and expedited permits. State officials often point to the deep-sea Ro-Ro port at Thoothukudi as a springboard for exports. For the state, VinFast's plant represents a significant auto investment, reinforcing Tamil Nadu's status as India's most diverse automotive hub. The plant's modular design allows production to scale for nearby South Asian countries, Gulf states and African markets. Interest has already come from Nepal, Sri Lanka and Middle Eastern distributors, and trade analysts suggest Thoothukudi could become a hub for right-hand-drive exports if tariff agreements with the United States advance. For India, the gains may extend well beyond the state. The facility is expected to strengthen the country's EV supply chain, generating thousands of direct jobs and supporting many more in component manufacturing, logistics and software. Local sourcing requirements could draw dozens of suppliers into Tamil Nadu, accelerating technology transfer and giving Indian firms a foothold in Southeast Asian and Middle Eastern EV markets. The project is also expected to speed the Inia's transition to cleaner transport. A widespread network of service centers and chargers can help reduce one of the biggest barriers to EV adoption. By delivering competitively priced vehicles with reliable after-sales support, VinFast may pressure local automakers to expand their EV lineups, nudging India closer to its target of electrifying 30 percent of new car sales by 2030. Yet competition looms. Homegrown manufacturers dominate the EV market, and global giants are recalibrating their India strategies. But VinFast is betting that 'premium yet accessible' models - mid-range pricing paired with strong connectivity and after-sales packages - will sway drivers away from gasoline. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR This is an auto-published feed from PTI with no editorial input from The Wire.
News18
a day ago
- Automotive
- News18
With Tamil Nadus EV Plant, VinFast Dreams Far and Wide
Vietnamese VinFast's Tamil Nadu plant signals South-South industrial ambition and a fresh chapter in Asia's EV contest Gurugram, Haryana, India (NewsVoir) VinFast, the Vietnamese EV maker, has done it again. First it was in the port city of Haiphong, turning a swamp into a state-of-the-art factory. Now, the company is attempting a similar feat in southern India, where the contours of its second major plant are beginning to emerge. Over a year ago, the land outside Thoothukudi was little more than sun-baked scrubland. Today, assembly lines stand ready, the machinery set to stamp, weld and paint the first Vietnamese-designed electric cars meant for Indian roads. Phase one alone carries a $500 million investment, part of a $2 billion commitment. The assembly facility can turn out 50,000 vehicles annually, with room to triple output if demand rises, and is expected to create 3,000 to 3,500 jobs. Construction has stayed on schedule since the memorandum of understanding was signed in early 2024, and the first VF 6 and VF 7 models are set to reach Indian customers soon after the ribbon-cutting. Why India, Why Now As it scouts the next stop in its global expansion, VinFast sees India, where electric vehicles still make up only a single-digit share of the market, as a market on the edge of rapid growth. Rising environmental concerns and a demand for affordable mobility are reshaping consumer choices. By assembling locally, the company can bypass steep import duties and bring its premium SUVs closer to the budgets of India's expanding middle class. But the Tamil Nadu plant is meant to be more than an assembly site. VinFast hopes to replicate a strategy that has served it well in Vietnam: building an ecosystem that integrates production, a network of charging stations, sales to taxi and bus operators, and comprehensive after-sales support, including software updates, repairs and financing. To deliver this in India, the company has signed 13 distribution partners to open 32 outlets across 27 cities. It has also teamed with RoadGrid, myTVS and Global Assure to establish a charging and service backbone, while working with BatX Energies on recycling and second-life applications to build a closed battery loop and lower lifetime ownership costs. This ecosystem can require heavy amount of effort and investment, but it may be essential to easing range anxiety and making EV ownership routine. Tamil Nadu as Launchpad Tamil Nadu's 2023 EV policy offers land concessions, subsidies and expedited permits. State officials often point to the deep-sea Ro-Ro port at Thoothukudi as a springboard for exports. For the state, VinFast's plant represents a significant auto investment, reinforcing Tamil Nadu's status as India's most diverse automotive hub. The plant's modular design allows production to scale for nearby South Asian countries, Gulf states and African markets. Interest has already come from Nepal, Sri Lanka and Middle Eastern distributors, and trade analysts suggest Thoothukudi could become a hub for right-hand-drive exports if tariff agreements with the United States advance. For India, the gains may extend well beyond the state. The facility is expected to strengthen the country's EV supply chain, generating thousands of direct jobs and supporting many more in component manufacturing, logistics and software. Local sourcing requirements could draw dozens of suppliers into Tamil Nadu, accelerating technology transfer and giving Indian firms a foothold in Southeast Asian and Middle Eastern EV markets. The project is also expected to speed the Inia's transition to cleaner transport. A widespread network of service centers and chargers can help reduce one of the biggest barriers to EV adoption. By delivering competitively priced vehicles with reliable after-sales support, VinFast may pressure local automakers to expand their EV lineups, nudging India closer to its target of electrifying 30 percent of new car sales by 2030. Yet competition looms. Homegrown manufacturers dominate the EV market, and global giants are recalibrating their India strategies. But VinFast is betting that 'premium yet accessible" models – mid-range pricing paired with strong connectivity and after-sales packages – will sway drivers away from gasoline. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 30, 2025, 16:15 IST News agency-feeds With Tamil Nadus EV Plant, VinFast Dreams Far and Wide Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Fashion Value Chain
a day ago
- Automotive
- Fashion Value Chain
With Tamil Nadu's EV Plant, VinFast Dreams Far and Wide
VinFast, the Vietnamese EV maker, has done it again. First it was in the port city of Haiphong, turning a swamp into a state-of-the-art factory. Now, the company is attempting a similar feat in southern India, where the contours of its second major plant are beginning to emerge. Over a year ago, the land outside Thoothukudi was little more than sun-baked scrubland. Today, assembly lines stand ready, the machinery set to stamp, weld and paint the first Vietnamese-designed electric cars meant for Indian roads. VinFast factory in Hai Phong city, northern Vietnam Phase one alone carries a $500 million investment, part of a $2 billion commitment. The assembly facility can turn out 50,000 vehicles annually, with room to triple output if demand rises, and is expected to create 3,000 to 3,500 jobs. Construction has stayed on schedule since the memorandum of understanding was signed in early 2024, and the first VF 6 and VF 7 models are set to reach Indian customers soon after the ribbon-cutting. Why India, Why Now As it scouts the next stop in its global expansion, VinFast sees India, where electric vehicles still make up only a single-digit share of the market, as a market on the edge of rapid growth. Rising environmental concerns and a demand for affordable mobility are reshaping consumer choices. By assembling locally, the company can bypass steep import duties and bring its premium SUVs closer to the budgets of India's expanding middle class. But the Tamil Nadu plant is meant to be more than an assembly site. VinFast hopes to replicate a strategy that has served it well in Vietnam: building an ecosystem that integrates production, a network of charging stations, sales to taxi and bus operators, and comprehensive after-sales support, including software updates, repairs and financing. To deliver this in India, the company has signed 13 distribution partners to open 32 outlets across 27 cities. It has also teamed with RoadGrid, myTVS and Global Assure to establish a charging and service backbone, while working with BatX Energies on recycling and second-life applications to build a closed battery loop and lower lifetime ownership costs. This ecosystem can require heavy amount of effort and investment, but it may be essential to easing range anxiety and making EV ownership routine. Tamil Nadu as Launchpad Tamil Nadu's 2023 EV policy offers land concessions, subsidies and expedited permits. State officials often point to the deep-sea Ro-Ro port at Thoothukudi as a springboard for exports. For the state, VinFast's plant represents a significant auto investment, reinforcing Tamil Nadu's status as India's most diverse automotive hub. The plant's modular design allows production to scale for nearby South Asian countries, Gulf states and African markets. Interest has already come from Nepal, Sri Lanka and Middle Eastern distributors, and trade analysts suggest Thoothukudi could become a hub for right-hand-drive exports if tariff agreements with the United States advance. For India, the gains may extend well beyond the state. The facility is expected to strengthen the country's EV supply chain, generating thousands of direct jobs and supporting many more in component manufacturing, logistics and software. Local sourcing requirements could draw dozens of suppliers into Tamil Nadu, accelerating technology transfer and giving Indian firms a foothold in Southeast Asian and Middle Eastern EV markets. The project is also expected to speed the Inia's transition to cleaner transport. A widespread network of service centers and chargers can help reduce one of the biggest barriers to EV adoption. By delivering competitively priced vehicles with reliable after-sales support, VinFast may pressure local automakers to expand their EV lineups, nudging India closer to its target of electrifying 30 percent of new car sales by 2030. Yet competition looms. Homegrown manufacturers dominate the EV market, and global giants are recalibrating their India strategies. But VinFast is betting that 'premium yet accessible' models – mid-range pricing paired with strong connectivity and after-sales packages – will sway drivers away from gasoline.
Hindustan Times
3 days ago
- Automotive
- Hindustan Times
VinFast inagurates first dealership in India. Check details
VinFast Auto India, the Indian arm of Vietnamese electric vehicle maker VinFast, has said it will open its first showroom in the country. The showroom is open in Surat, Gujarat, and is opened ahead of the launch of the company's first EV plant in the country. The showroom is the first of the 35 dealerships that VinFast plans to establish in 27 cities in India by the end of 2025. Get Launch Updates on VinFast VF9 Notify me VinFast plans to set up 35 showrooms across 27 cities in India by end of 2025. The showroom spans 3,000 square feet and promises immersive product experiences, hassle-free vehicle buying experiences, and after-sales service. VinFast's lineup of premium electric SUVs, such as VF6 and VF7, will be displayed in the showroom. Interestingly, the automaker has formally started pre-bookings of the premium electric SUVs in India on July 15. The carmaker is now taking bookings for the VF6 and VF7 electric SUVs, with a refundable booking amount of ₹21,000. VinFast is in the process of establishing its first electric vehicle factory in Tamil Nadu. The future plant at Thoothukudi, Tamil Nadu, will manufacture electric vehicles locally in India. As part of its entry into the Indian market, VinFast has entered into strategic collaborations with firms such as RoadGrid, myTVS, and Global Assure to ensure a network of EV charging and after-sales across India. Commenting on the inauguration of the brand's first showroom, Pham Sanh Chau, CEO of VinFast Asia, said the launch in Surat, Gujarat, marks a significant step in the company's entry into the Indian mentioned that the showroom is a representation of VinFast's dedication to bringing its experience closer to Indian consumers, with the goal to offer not only electric vehicles but a total ownership experience, based on quality, reliability, and strong after-sale support. He added that partnering with Chandan Car, an established name in the automotive sector, allows VinFast to combine local market expertise with its global EV technology to help build a premium electric mobility ecosystem in India..
