Vietnamese electric vehicle manufacturer VinFast has announced a new USD 500 million investment to expand its production capacity in Tamil Nadu, India, positioning the state as a major player in the company’s global EV roadmap.
According to The Economic Times, the firm will acquire approximately 500 additional acres adjacent to its current Thoothukudi facility, enabling the development of new assembly lines and specialized workshops. (Source: Economic Times – Vietnamese electric carmaker VinFast plans $500 mn investment to expand Tamil Nadu plant)
As part of the expansion, VinFast intends to triple annual output from 50,000 to 150,000 vehicles per year, adding production of electric buses, e-scooters, and related components to its portfolio. (Source: NDTV Auto – VinFast to expand Tamil Nadu facility for electric buses and scooters)
Tamil Nadu’s government will support the project through infrastructure provisioning, including roads, electricity, drainage, and clearances, and by extending available incentives to accelerate development. (Source: Economic Times)
VinFast said the investment reflects a long-term commitment to India, citing the country’s growing EV market and strategic geographic position for exports. The expansion is expected to deepen local supply chains, generate new jobs, and reinforce the state’s position as a manufacturing hub.
