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.
If there’s one thing Sydneysiders love to bond over, it’s sunshine, sport, and complaining about parking. From restriction zones to access permits, working out the rule…
Travelling from Melbourne to Adelaide and want to see what the inland route offers? At 726km or eight hours driving time, it is the most direct route to Adelaide. For a…
Moving homes can be exciting, but it often brings stress, packing chaos, and a long list of tasks that can quickly feel overwhelming. Whether you're shifting from a cit…
Your vehicle's windscreen is far more than just a window to the road ahead. It's a critical safety component that protects you from the elements, contributes to your ca…
When you take on the role of a landlord, you not only take on the responsibility of finding tenants but also the ongoing duty of protecting your rental property. To saf…
Every year, thousands of vehicles in Victoria reach the end of their life cycle — damaged in accidents, worn out from years of use, or simply outdated. Leaving these ve…
Disagreements between landlords and tenants are common in commercial leasing, but many can be avoided with the right approach. Commercial lease disputes often arise fro…
Melbourne’s love affair with backyard pools comes with an often-ignored obligation: Pool Maintenance and Service. In a city famous for its 'four seasons in a day', soar…
For many people, dental anxiety isn’t just a minor worry — it’s a barrier that keeps them from getting the care they need. The sound of drills, the sterile scent, or even a simple check-up can cause h...
Getting a restful night's sleep is essential for overall health and well-being. For many, external noises—be it a snoring partner, traffic, or noisy neighbors—can disrupt sleep patterns. One effective...
Adolescence is often described as a turbulent period of life. Hormonal changes, social pressures, academic stress, and the search for identity all combine to make the teenage years emotionally inten...
Hashtag.net.au
