Milestone Ceremony Attended by Dignitaries
VinFast, in the presence of Tamil Nadu Chief Minister Thiru M. K. Stalin, officially commences construction on its integrated electric vehicle facility in India. The groundbreaking ceremony witnesses key government officials, signaling a momentous step in sustainable mobility.
State-of-the-Art Facility for Green Mobility
Spanning 400 acres in Tamil Nadu’s SIPCOT industrial estate, the facility represents a $500 million investment over 5 years. With an anticipated annual capacity of 150,000 vehicles, the project is set to generate 3,000 to 3,500 jobs, contributing to the local economy.
VinFast’s Commitment to Sustainable Growth
VinFast India CEO, Mr. Pham Sanh Chau, emphasizes the company’s dedication to green transportation, job creation, and strategic partnerships. The move positions VinFast as a major player in the electric vehicle industry, fostering economic growth, innovation, and environmental sustainability.
Tamil Nadu’s Role in Electric Mobility
Dr. T. R. B. Rajaa, Minister for Industries, Tamil Nadu, expresses the state’s support for VinFast’s ambitious plans. Tamil Nadu aims to match the company’s commitment to zero-emission mobility, foreseeing significant contributions to local economic advancement and skill development. VinFast’s venture into India aligns with its global expansion strategy, with ongoing and future manufacturing plants in Vietnam, the U.S., and Indonesia. The project underlines VinFast’s vision for a comprehensive global manufacturing ecosystem, reinforcing its position in the electric vehicle market.
Additionally, VinFast plans to establish a widespread dealership network in India, ensuring broad market access. The company pledges premium quality, competitive pricing, and exceptional after-sales services, solidifying the strategic partnership between Vietnam and India in the electric mobility sector.
