This landmark project, creating employment opportunities for approximately 3,500 localresidents, affirms VinFast's commitment to global green transportation.
The groundbreaking ceremony was graced by Thiru M. K. Stalin, Honorable Chief Minister of Tamil Nadu; Thiru Dr. T. R. B. Rajaa, Honorable Minister for Industries, Government of Tamil Nadu; Thiru V. Arun Roy IAS, Industries Secretary, Member of Parliament – Thoothukudi constituency; Ministers of state, MLAs (Members of Legislative Assembly of Tamil Nadu), senior representatives from the State government and the VinFast India leadership team.
Spanning 400 acres within the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate, the electric vehicle facility boasts a total initial investment of $500 million over 5 years, with a projected capacity of 150,000 vehicles annually. This will create jobs for 3,000 to 3,500 local residents. While strengthening partnerships with world-leading suppliers, VinFast also plans to promote localization, contributing positively to local economic growth.
Mr. Pham Sanh Chau, CEO of VinFast India, commented on this historic milestone, stating:"VinFast's groundbreaking ceremony for its plant in Thoothukudi, Tamil Nadu, is a significant stride towards sustainable and green mobility in India. By establishing an integrated electric vehicle facility, the company's commitment to job creation, green transportation, and strategic partnerships solidifies VinFast's position as a major player in the electric vehicle industry. This milestone strengthens the bonds between the robust economies of Vietnam and India, and underscores VinFast's dedication to a zero-emission transportation future, setting the stage for economic growth, innovation, and environmental sustainability in the region."
Honourable Minister Dr. T. R. B. Rajaa added,"VinFast's entry into India reaffirms Tamil Nadu's progressive industrial policies and its role as a global automotive innovation and manufacturing hub. Tamil Nadu will match VinFast's ambitious growth plans in the country and is committed to making zero-emission mobility widely accessible. We believe the project will substantially contribute to the local economic advancement, job creation, and technical skill development of the people of Tamil Nadu."
India represents a key market in VinFast's global expansion plan, capitalizing on the potential presented by this rapidly growing market. The project not only affirms VinFast's global reach but also joins the existing manufacturing complex in Vietnam and future plants in the U.S. and Indonesia, solidifying VinFast's global manufacturing ecosystem.
In addition to the manufacturing facilities, VinFast plans to establish a nationwide dealership network to build a strong brand presence and swiftly connect with customers across the country. VinFast is committed to providing the Indian market with premium quality products, competitive pricing, and outstanding after-sales services to make electric mobility widely accessible and strengthen the comprehensive strategic partnership between Vietnam and India.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
About VinFast
VinFast – a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.
Strongly committed to the mission of a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: www.vinfastauto.com.
Planning a party is never easy and comes with promptness and being easy going. There are items for decorations and other supplies that are needed for planners. When i…
In a world where stress and anxiety often take center stage, the presence of visual art in our daily environments offers a quiet yet profound counterbalance. Posters an…
When it comes to maintaining the cleanliness and appearance of your carpets, two popular methods often come into consideration: deep cleaning and carpet steam cleaning…
The safe operations of construction sites call for the participation of Sydney traffic control firms since it plays a role as essential as any other in the operation…
Bicarbonate of soda, commonly known as bicarb soda, is more than just a kitchen staple. While many people use it for cooking or cleaning, it’s also a versatile ingredie…
Selecting the right painters for a home or commercial property helps us make, organise, and get the perfect painting job. Mandurah and Rockingham, for example, have loc…
The installation of roller shutters can be a versatile and practical solution to improve security, privacy, and energy efficiency in homes and businesses. Whether it is o…
"Boost your online presence💻 with our Top-Rated Social Media Agency🏆. Experience expert strategies🎯 for undeniable growth! 🚀"
In today’s fast-paced digital landscape, …
Life can be a bit like an Australian outback road—full of twists, turns, and the occasional bump. During these hectic, stressful times, it’s all too easy to let your oral health fall by the wayside...
In a world where stress and anxiety often take center stage, the presence of visual art in our daily environments offers a quiet yet profound counterbalance. Posters and paintings are not just decor...
🌎♻️Explore the health & environmental impacts of waste disposal. Dive into essential insights💡for a sustainable future! #WasteManagement #Health🌿🌍
Waste disposal is an inevitable aspect of mode...
Hashtag.net.au
