VinFast Opens First Indian EV Plant, Targets 200K Global Deliveries

Vietnam’s VinFast launched its first Indian EV plant in Tamil Nadu, part of a $2 billion India plan. The $500M facility will start with 50,000 cars/year, scaling to 150,000. Positioned as an export hub, it marks VinFast’s pivot to Asia amid growth in India’s EV market and favorable local policies.